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    OFF-MARKET
    Warehouses

    2635 Monroe Ave, Baton Rouge, LA 70802

    139,737 SF 3.07 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.07-acre industrial property, located at 2635 Monroe Ave, Baton Rouge, LA 70802, presents a compelling redevelopment opportunity. Formerly the Louisiana Creamery, this site boasts a substantial 139,737 square feet of building space, offering significant potential for various uses. Its prime location on Plank Road, between Choctaw and Mohican, places it within the targeted area of the upcoming Plank Road Redevelopment Plan (unveiling November 5th). The property's designation within an Opportunity Zone makes it eligible for numerous tax incentives, further enhancing its investment appeal. The asking price is $746,250. The property's APN is 000-3296-4. The owner is open to subdividing the land, with Building 1 particularly well-suited for retail uses such as a convenience store or dollar store, given its 147 feet of frontage on Plank Road, situated between an Auto Zone and a CVS. This versatile property offers a unique chance to capitalize on the revitalization efforts planned for Plank Road and benefit from significant tax advantages. The property is zoned for distribution, warehouse, and manufacturing uses. This is a rare chance to acquire a large, well-located industrial property in a rapidly developing area of Baton Rouge.

    Property profile
    Verified
    Property type Warehouses
    Total area 139,737 SF
    Lot 3.07 ac (133,729 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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