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    5955 Airline Hwy Baton Rouge, LA 70805

    Sponsored
    For Lease
    $11 SF/Yr ($14,696 /Mo)

    14,820 SF Retail Space - Baton Rouge

    Lot size:
    14,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,820 square foot retail property, located at 5955 Airline Highway in Baton Rouge, Louisiana, presents a unique investment opportunity. Situated on a 2.15-acre lot, this Class A building boasts a single-tenant occupancy, currently vacant, offering significant potential for redevelopment or lease. Constructed in 2005, the property features a single-story design with ample parking for 85 vehicles. The zoning is C-2, allowing for a variety of uses including street retail, health-related businesses, auto-related services, restaurants, and governmental entities. The building's convenient location on Airline Highway, with a cross street of Greenwell Street, ensures high visibility and accessibility. The property is equipped with no elevators. The master lease expires on February 28, 2031. All offers are subject to the approval of Walgreens Co.'s Real Estate Committee. This prime location and substantial square footage make this an attractive proposition for discerning investors seeking a high-impact retail investment in a thriving Baton Rouge market. The zip code is 70805.

    Property Features for 5955 Airline Hwy

    General Information

    Property type
    Government properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,820 SF
    Class
    A
    Total Rate
    14696.5

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    14,820 SF
    Rate per SF
    $11

    HighLights

    • Walgreens corporate build‑to‑suit.
    • High‑traffic location with excellent visibility.
    • Strong demographics and high population density in the immediate area.
    • Long‑term lease with a creditworthy tenant.
    • Modern, efficient building design.
    Property Profile Location Intelligence

    Current Use by Public Records

    Charmaine D. Huggins, ... Pharmacy LibertyX Bitcoin ATM Atm Walgreens Pharmacy Pharmacy Redbox Movie Rental Kiosk FedEx OnSite Mailing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.131131300456
    Latitude
    30.502090696856

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    FAQs

    What type of property is this?
    Government property - 14,820 SF Retail Space - Baton Rouge
    Where is this government property located?
    The property is located at 5955 Airline Hwy Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Walgreens corporate build-to-suit.; High-traffic location with excellent visibility.; Strong demographics and high population density in the immediate area.
    Request Owner's contact information
    5955 Airline Hwy Baton Rouge, LA 70805
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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
    5955 Airline Hwy Baton Rouge, LA 70805
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