15736 Florida Blvd Baton Rouge, LA 70819
This 1,756 square foot retail building, located at 15736 Florida Blvd in Baton Rouge, Louisiana (zip code 70819), is offered at $260,000. The property sits on a 2.23-acre lot and is zoned for commercial use. Currently configured as a single-tenant space, it's ideal for a grocery store, quick-service restaurant (QSR), or other restaurant concept. The building has undergone renovations within the past two years. The lease is a gross lease with approximately six months remaining. The property boasts a 7.40% cap rate and a price per square foot of $148.06. Its location on busy Florida Boulevard, near Denham Springs, ensures high visibility and significant foot traffic. This presents a unique opportunity for investors and business owners seeking a versatile space in a thriving commercial corridor. The property's adaptability makes it suitable for a range of businesses, offering a strong return on investment and significant potential for future growth. The building's recent renovations minimize immediate capital expenditure needs, allowing for a quicker return on investment. This prime location in East Baton Rouge Parish offers excellent access to a large customer base and a vibrant community. The property's short-term lease provides flexibility for new owners to customize the space to their specific business needs.
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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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.