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    3275 Millerville Rd Baton Rouge, LA 70816

    For Sale
    $1,427,022

    45,000 SF Warehouse, I-70 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 45,000-square-foot industrial property, situated in downtown Richmond, Indiana, presents a compelling investment opportunity. The building, constructed in 1976, features a two-story design and sits on a 1.68-acre lot, offering ample space for various industrial uses. Currently vacant and entirely available, the property is easily divisible into units of at least 10,000 square feet, catering to single or multi-tenant occupancy needs. The building boasts three loading docks and one dock-high door, facilitating efficient loading and unloading operations. On-site parking is provided for 24 vehicles. Its strategic location provides convenient access to Interstate 70 and US Highway 40, ensuring seamless transportation and logistics. Further enhancing its appeal, this property is designated as a Federal Opportunity Zone, presenting significant tax advantages for investors. The versatile space is ideal for manufacturing, distribution, or warehousing operations, making it a highly attractive prospect for businesses seeking a well-located and functional industrial facility. The property's size, accessibility, and Opportunity Zone designation combine to create a rare and valuable investment opportunity in a thriving location.

    Property Features for 3275 Millerville Rd

    General Information

    Property type
    Land

    HighLights

    • 45,000 SF industrial building in downtown Richmond, IN.
    • Single‑tenant or multi‑tenant occupancy available, with a minimum divisible space of 10,000 SF.
    • Located in a Federal Opportunity Zone.
    • Features 3 loading docks and 1 dock‑high door.
    • 1.68‑acre lot with 24 parking spaces.
    • Two‑story building constructed in 1976.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0237847
    Latitude
    30.430162

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    FAQs

    What type of property is this?
    Land - 45,000 SF Warehouse, I-70 Access
    Where is this land located?
    The property is located at 3275 Millerville Rd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,427,022.
    What are key features of this property?
    This property features: 45,000 SF industrial building in downtown Richmond, IN.; Single-tenant or multi-tenant occupancy available, with a minimum divisible space of 10,000 SF.; Located in a Federal Opportunity Zone.
    (225) 925-0600
    Request Owner's contact information
    3275 Millerville Rd Baton Rouge, LA 70816
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    Baton Rouge, LA 70816
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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
    3275 Millerville Rd Baton Rouge, LA 70816
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