5955 Airline Hwy Baton Rouge, LA 70805
- Investment properties
- 14,820 SF
- 2.28 lot acres
Current Use by Public Records
- Charmaine D. Huggins, PharmD / Pharmacy
- LibertyX Bitcoin ATM / Atm
- Walgreens Pharmacy / Pharmacy
- Redbox / Movie Rental Kiosk / Dvd Store
- FedEx OnSite / Mailing Service
Property Details for 5955 Airline Hwy
- Year built
- 2006
- Lot size
- 2.28 lot acres
- Property size
- 14,820 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 2311593
- APU
- 2311593
Description
This exceptional 14,820 square foot retail property, located at 5955 Airline Highway in Baton Rouge, Louisiana, presents a unique investment opportunity. Situated on a 2.15-acre lot, this Class A building boasts a single-tenant occupancy, currently vacant, offering significant potential for redevelopment or lease. Constructed in 2005, the property features a single-story design with ample parking for 85 vehicles. The zoning is C-2, allowing for a variety of uses including street retail, health-related businesses, auto-related services, restaurants, and governmental entities. The building's convenient location on Airline Highway, with a cross street of Greenwell Street, ensures high visibility and accessibility. The property is equipped with no elevators. The master lease expires on February 28, 2031. All offers are subject to the approval of Walgreens Co.'s Real Estate Committee. This prime location and substantial square footage make this an attractive proposition for discerning investors seeking a high-impact retail investment in a thriving Baton Rouge market. The zip code is 70805.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,100,000
- 6.5%
- $5,875,000
- 7%
- $6,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,680,000
- Geo Method
- $6,535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,480,000
- Retail
- $5,530,000
- Mixed-Use
- $5,310,000
- Hospitality
- $7,070,000
- Educational
- $6,700,000
- Residential Income
- $6,805,000
- Energy
- $5,365,000
- Income-Based Land
- $5,335,000
- Food Service
- $5,985,000
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.1301
- Latitude
- 30.5018
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA