5334 Airline Hwy Baton Rouge, LA 70805
- Investment properties
- 256 SF
Current Use by Public Records
- LA Cash for Cars / Auto Broker / Used Car Dealer
- Br CASH FOR CATS / Car Factory
Property Details for 5334 Airline Hwy
- Property size
- 256 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 290785
- APU
- 290785
Description
This exceptional commercial property, located at 5334 Airline Hwy in Baton Rouge, Louisiana, presents a unique investment opportunity. The 43,589 square foot lot boasts 225 feet of prime frontage on Airline Highway, a major thoroughfare. The property includes a 3,400 square foot building, currently 100% occupied under a gross lease, offering immediate income potential. The property is zoned C-2, allowing for a variety of commercial uses. The asking price is $325,000, translating to $95.59 per square foot and $95.59 per acre for the land. The single-story building sits on a large lot, providing ample space for expansion or redevelopment. The property's location in the 31 submarket of East Baton Rouge Parish, within the Baton Rouge MSA, ensures high visibility and accessibility. The tax parcel number is 002-9078-5. This is a turnkey investment opportunity with strong potential for future growth and return. The current tenant provides a stable income stream, making this an attractive option for both seasoned investors and those new to commercial real estate. The property's versatility and strategic location make it an ideal choice for a variety of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $240,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $255,000
- Mixed-Use
- $195,000
- Hospitality
- $250,000
- Educational
- $215,000
- Residential Income
- $225,000
- Energy
- $220,000
- Income-Based Land
- $220,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.1372
- Latitude
- 30.5066
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA