10225 Florida Blvd Baton Rouge, LA 70815
- Investment properties
- 90,898 SF
- 4.94 lot acres
Current Use by Public Records
- Investment properties
Property Details for 10225 Florida Blvd
- Lot size
- 4.94 lot acres
- Property size
- 90,898 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 1894242
- APU
- 1894242
Description
This exceptional 102,000-square-foot executive office building, situated on a 3-acre lot in Baton Rouge, Louisiana, presents a unique redevelopment opportunity. The property, located at 10225 Florida Boulevard, boasts approximately 276 feet of frontage on Florida Boulevard, experiencing approximately 27,978 vehicles daily. The building, currently vacant, has been completely gutted and is ready for immediate redevelopment. It consists of two, ten-story buildings, zoned C-2 (Heavy Commercial), with the APN 1894242 in East Baton Rouge Parish. Significant historical tax credits are available, adding considerable value to this investment. The property offers convenient access to major transportation arteries, including Airline Highway (approximately 3 minutes) and I-12 (approximately 6-8 minutes). Its strategic location benefits from proximity to a substantial new Amazon fulfillment center (approximately 3 minutes away), employing over 13,500 people. The surrounding area is characterized by a high density of retail establishments, including national brands such as Planet Fitness, Chase, AutoZone, Patient Plus, McDonald's, Raising Cane's, Starbucks, Burger King, and Amazon. The sale or lease includes a portion of a large parking lot with multiple access points. This prime location and the potential for significant tax credits make this property an attractive investment for developers seeking a high-impact project in a thriving commercial area. The zip code is 70815.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $640,000
- 6.5%
- $740,000
- 7%
- $695,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $605,000
- Geo Method
- $660,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $625,000
- Retail
- $760,000
- Mixed-Use
- $795,000
- Hospitality
- $775,000
- Educational
- $695,000
- Residential Income
- $760,000
- Energy
- $635,000
- Income-Based Land
- $640,000
- Food Service
- $750,000
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.0698
- Latitude
- 30.4584
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
