2635 Monroe Ave, Baton Rouge, LA 70802
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.