8377 Picardy Ave Baton Rouge, LA 70809
This exceptional 12,513 square foot flex space, ideally situated in Baton Rouge's Health District, presents a unique investment opportunity. The property boasts 8,633 square feet of office/warehouse space and a 3,880 square foot covered canopy, perfectly suited for medical-related businesses, equipment sales, or distribution. Renovated in 2015, the building features a new HVAC system, full insulation, a secure fenced yard, ample parking (36 spaces), and a large reception area, kitchen/breakroom, and lockable storage. The property includes a large, well-maintained reception area, a spacious kitchen and break area, and a secure lockable storage cage ideal for equipment or instruments. Its M-1 (Light Industrial) zoning ensures versatility. The property's strategic location near OLOL, Baton Rouge General, Ochsner, Mary Bird Perkins, and OLOL Children's Hospital provides unparalleled access to a thriving medical community. Enhanced access via the new Bluebonnet Blvd - OLOL Children's Hospital Rd. further enhances its appeal. An adjacent 0.894-acre lot with significant road frontage is also available for purchase separately. The asking price is $1,750,000, with a price per square foot of $139.85. The property's features, location, and zoning make it an attractive investment for a variety of uses. The APN is 012-1838-7.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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