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Property profile & analytics
OFF-MARKET
Land

0 Picardy Ave Baton Rouge, LA 70809

0.89 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.89-acre (38,943 sq ft) vacant land parcel presents a unique investment opportunity in Baton Rouge's thriving Health District. Strategically located on Picardy Avenue, this property boasts 385 feet of frontage and depths ranging from 60 to 175 feet. Its M-1 zoning allows for a variety of commercial and light industrial uses, making it ideal for medical-related businesses, medical equipment sales, distribution centers, or expansion for existing healthcare facilities. The site's proximity to prominent medical institutions, including Our Lady of the Lake Regional Medical Center (OLOL), Baton Rouge General Medical Center, Ochsner Health, Mary Bird Perkins Cancer Center, and OLOL Children's Hospital, ensures high visibility and accessibility. Enhanced access is further improved by the new Bluebonnet Blvd - OLOL Children's Hospital Rd. The asking price is $850,000, and the APN is 032-1341-2. This property is located in East Baton Rouge Parish, Louisiana, with a zip code of 70809. Note that an adjacent 12,513 sq ft office/warehouse with a covered canopy is also available for sale separately. This building, renovated in 2015, includes 8,633 sq ft of office/warehouse space, 3,880 sq ft of canopy space, a secure fenced yard, ample parking (36 spaces), and features such as a large reception area, kitchen/break area, and lockable storage.

Property profile
Verified
Property type Land
Lot 0.89 ac (38,943 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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