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    2635 Monroe Ave Baton Rouge, LA 70802

    Sponsored
    For Sale
    $746,250

    3.07-acre redevelopment opportunity in Baton Rouge.

    Property size:
    139,737 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 2635 Monroe Ave

    General Information

    Property type
    Manufacturing properties
    Square Feet
    139,737 SF
    Lot Size
    133,729 SF

    HighLights

    • 3.07‑acre industrial property at 2635 Monroe Ave, Baton Rouge, LA 70802, with 139,737 SF of building space.
    • Prime location on Plank Road, benefiting from the upcoming Plank Road Redevelopment Plan.
    • Opportunity Zone designation offers significant tax incentives.
    • $746,250 asking price; APN 000‑3296‑4.
    • Owner open to subdividing; Building 1 (147' Plank Road frontage) ideal for retail (convenience store/dollar store).
    • Zoned for distribution, warehouse, and manufacturing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

    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
    -91.1622828
    Latitude
    30.4695211

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    FAQs

    What type of property is this?
    Manufacturing property - 3.07-acre redevelopment opportunity in Baton Rouge.
    Where is this manufacturing property located?
    The property is located at 2635 Monroe Ave Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $746,250.
    What are key features of this property?
    This property features: 3.07-acre industrial property at 2635 Monroe Ave, Baton Rouge, LA 70802, with 139,737 SF of building space.; Prime location on Plank Road, benefiting from the upcoming Plank Road Redevelopment Plan.; Opportunity Zone designation offers significant tax incentives.
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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
    2635 Monroe Ave Baton Rouge, LA 70802
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