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    3092 Millerville Rd Baton Rouge, LA 70816

    Sponsored
    For Sale
    $814,136

    2.67 Acres, Prime Baton Rouge Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.67-acre parcel of land presents a remarkable development opportunity in Baton Rouge, Louisiana. Located at 3092 Millerville Road, zip code 70816, this property is zoned C and offers significant potential for various uses. The land, priced at $814,136, boasts a land value of $7 per square foot. This represents a significant remaining portion of a larger tract, following the recent sale of a corner lot to RaceTrac. The property's location in East Baton Rouge Parish provides easy access to major thoroughfares and established infrastructure. Given its zoning and size, this site is ideally suited for a range of projects, including hospitality ventures, multi-family residential developments, or other commercial enterprises. The adjacent property is also available for purchase, presenting an opportunity to acquire a larger contiguous land holding. Detailed site plans and further information are available upon request. This is a rare chance to secure a prime development site in a thriving Baton Rouge market. Act quickly to capitalize on this exceptional investment opportunity. The APN is 007-1972-2.

    Property Features for 3092 Millerville Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    116,305 SF

    HighLights

    • New Development Opportunity: Vacant Land Available.
    • Vacant Land Parcel For Sale.
    • Suitable for Hospitality, Multifamily, or Other Developments.
    • Adjacent Land Parcel Also Available.
    • 2.67 Acres Available Following Racetrack Land Sale.
    • Contact Agent for Details.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -91.0251068
    Latitude
    30.4259968

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    FAQs

    What type of property is this?
    Multifamily property - 2.67 Acres, Prime Baton Rouge Location
    Where is this multifamily property located?
    The property is located at 3092 Millerville Rd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $814,136.
    What are key features of this property?
    This property features: New Development Opportunity: Vacant Land Available.; Vacant Land Parcel For Sale.; Suitable for Hospitality, Multifamily, or Other Developments.
    (225) 766-6162
    Request Owner's contact information
    3092 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
    3092 Millerville Rd Baton Rouge, LA 70816
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