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    Picardy Ave Baton Rouge, LA 70809

    For Sale
    $850,000

    0.89 Acres, M-1 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.89-acre (38,943 sq ft) vacant land parcel presents a unique investment opportunity in Baton Rouge's thriving Health District. Strategically located on Picardy Avenue, this property boasts 385 feet of frontage and depths ranging from 60 to 175 feet. Its M-1 zoning allows for a variety of commercial and light industrial uses, making it ideal for medical-related businesses, medical equipment sales, distribution centers, or expansion for existing healthcare facilities. The site's proximity to prominent medical institutions, including Our Lady of the Lake Regional Medical Center (OLOL), Baton Rouge General Medical Center, Ochsner Health, Mary Bird Perkins Cancer Center, and OLOL Children's Hospital, ensures high visibility and accessibility. Enhanced access is further improved by the new Bluebonnet Blvd - OLOL Children's Hospital Rd. The asking price is $850,000, and the APN is 032-1341-2. This property is located in East Baton Rouge Parish, Louisiana, with a zip code of 70809. Note that an adjacent 12,513 sq ft office/warehouse with a covered canopy is also available for sale separately. This building, renovated in 2015, includes 8,633 sq ft of office/warehouse space, 3,880 sq ft of canopy space, a secure fenced yard, ample parking (36 spaces), and features such as a large reception area, kitchen/break area, and lockable storage.

    Property Features for 0 Picardy Ave

    General Information

    Property type
    Land
    Lot Size
    38,943 SF

    HighLights

    • 0.89 acres (38,943 SF) vacant land in Baton Rouge's Health District.
    • Excellent location near OLOL, Baton Rouge General, Ochsner, Mary Bird Perkins, and OLOL Children's Hospital.
    • Improved access via the new Bluebonnet Blvd - OLOL Children's Hospital Rd.
    • Ideal for medical facilities, medical‑related businesses, or medical equipment sales/distribution.
    • Vacant lot with 385' of Picardy Ave frontage.
    • Lot dimensions: 175' deep at the west boundary, 60' deep at the east boundary.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.09939971827
    Latitude
    30.394027690966

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    FAQs

    What type of property is this?
    Land - 0.89 Acres, M-1 Zoning, Prime Location
    Where is this land located?
    The property is located at Picardy Ave Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 0.89 acres (38,943 SF) vacant land in Baton Rouge's Health District.; Excellent location near OLOL, Baton Rouge General, Ochsner, Mary Bird Perkins, and OLOL Children's Hospital.; Improved access via the new Bluebonnet Blvd - OLOL Children's Hospital Rd.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Picardy Ave Baton Rouge, LA 70809
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