411 Colonial DrBaton Rouge, LA 70806

Property Details for 411 Colonial Dr

Year built

1977

Property size (Sq ft)

5,000 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

857041

APU

857041

Description

This exceptional 5,500 square foot church property, located at 411 Colonial Drive in Baton Rouge, Louisiana, presents a unique investment opportunity. Situated in the Airline/Goodwood submarket within East Baton Rouge Parish, zip code 70806, this single-story building underwent a complete renovation in 2021, transforming it from traditional office space into a functional and modern church facility. The property is zoned B1, offering flexibility for future uses. Currently, the church congregation is seeking to expand and is offering a sale/leaseback arrangement. This allows the buyer to acquire the property while providing the current owners with a leaseback option until they secure a new, suitable location. The quiet neighborhood is characterized by a mix of professional and medical office users, providing a stable and desirable surrounding environment. The property's recent renovation ensures it is in excellent condition and ready for immediate occupancy, whether continued use as a church or conversion back to office space. The asking price for this remarkable property is $597,000. This presents a compelling opportunity for investors seeking a stable, income-generating asset with potential for future appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $870,428

  6.5%

  $803,472

  7%

  $746,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $591,177

  Geo Method

  $2,320,272

• Alternative Use

  Use

  Valuation

  Residential

  $803,472

  Hospitality

  $735,976

  Educational

  $612,323

  Medical

  $633,382

  Retail

  $952,503

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4474

Longitude

-91.0982

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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