8560 Florida Blvd Baton Rouge, LA 70815
- Investment properties
- 25,263 SF
- 1.00 lot acres
Current Use by Public Records
- American Freight Furniture and Mattress / Mattress Store / Furniture Store
Property Details for 8560 Florida Blvd
- Lot size
- 1.00 lot acres
- Property size
- 25,263 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 172197
- APU
- 172197
Description
This exceptional investment opportunity presents a prime Baton Rouge shopping center totaling 29,323 square feet, situated on a 1.6-acre lot in the Cortana Plantation Subdivision. The property comprises multiple buildings constructed between 1974, 1985, and 1995, offering a blend of showroom (15,945 sq ft), office (924 sq ft), and warehouse (8,621 sq ft) space. The property boasts excellent visibility and high traffic counts, with Florida Boulevard seeing 30,000 vehicles daily and Airline Highway 55,000. The zoning is C-2, allowing for a variety of commercial uses. Two separate parcels are included (APN 172197 & 172189), with one building at 8540 Florida Blvd (1,833 sq ft, built 1985) and another at 8550 Florida Blvd (2,000 sq ft, built 1995). The main building at 8560 Florida Blvd offers significant square footage. The asking price is $1,700,000, and the lease type is NNN. The property is currently vacant and available for purchase on April 1, 2025. This is an ideal opportunity for investors seeking a strong return in a high-demand location. The property's size, location, and versatility make it a compelling investment prospect.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $545,000
- 6.5%
- $550,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $610,000
- Mixed-Use
- $555,000
- Hospitality
- $615,000
- Educational
- $590,000
- Residential Income
- $610,000
- Energy
- $585,000
- Income-Based Land
- $595,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.0975
- Latitude
- 30.4512
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA