1253 Florida Blvd Baton Rouge, LA 70802
- Retail properties
- 11,500 SF
- 1.34 lot acres
Current Use by Public Records
- Grayhound / Bus And Coach Company
- Greyhound: Bus Station / Bus Company
Property Details for 1253 Florida Blvd
- Lot size
- 1.34 lot acres
- Property size
- 11,500 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fully occupied, 11,500 square foot retail building situated on a 1.34-acre lot in Baton Rouge, Louisiana. The property, located at 1253 Florida Blvd, zip code 70802, is zoned C5 Business and boasts a strong 8.50% cap rate with a net operating income (NOI) of $97,750. Currently operating under a single-tenant, net lease agreement with a remaining term of approximately 4.9 years (expiring October 20, 2029), the lease features annual rent bumps of 3.5%. The asking price is $1,150,000, translating to $100 per square foot. The building, constructed as a single-story structure, benefits from dedicated parking facilities and is conveniently located within the Baton Rouge MSA, providing excellent access to major transportation routes. The lease commenced October 21, 2024, and the property is currently at 100% occupancy. This well-maintained facility presents a compelling investment prospect with significant potential for future growth. The property's modern facilities and infrastructure contribute to its overall appeal and value.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.1763
- Latitude
- 30.4497
