Property profile

2635 Monroe Ave Baton Rouge, LA 70802

OFF-MARKET
Warehouses
139,737 SF 3.07 ac lot
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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

Location

2635 Monroe Ave Baton Rouge, LA 70802
Baton Rouge metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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