11224 Boardwalk Dr Baton Rouge, LA 70816
- Investment properties
- 6,364 SF
- 1.00 lot acres
Current Use by Public Records
- Emergency Medical Services Bureau / Medical Clinic
- Sherwood business center / Business Service Center / Corporate Office
- Power and Control Systems / Engineering Consultant / Power Plant Consultant
Property Details for 11224 Boardwalk Dr
- Year built
- 1985
- Lot size
- 1.00 lot acres
- Property size
- 6,364 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 3271218
- APU
- 3271218
Description
This exceptional ±41,390 square foot multi-tenant office/retail complex, located at 11224 Boardwalk Dr, Baton Rouge, LA 70816, presents a versatile investment opportunity. The property sits on a 2.96-acre lot (APN: 3271218, 3271226) and boasts three buildings with two stories each, offering significant potential for redevelopment or continued operation as a multi-tenant office space. Currently vacant, the property features a mix of shell and fully finished office space, easily adaptable for various uses, including mixed-use or retail. The complex includes a functioning elevator, a unique interior courtyard, and ample parking for approximately 200 vehicles, both front and rear. Significant upgrades have already been completed, including roof replacements within the last five years. Additional amenities include a gym, showers, a steam room, and a jacuzzi (requiring renovation). The property benefits from excellent visibility due to a large pylon sign with direct frontage on I-12, experiencing approximately 148,103 daily vehicle counts. Security features include full fencing, an electric gate, and individual unit security systems. Conveniently located with 1-2 minute access to Old Hammond Hwy, S Sherwood Forest Blvd, and I-12. The property is zoned C2, C-AB-1, and C-AB-2 and is located in Flood Zone X. Asking price is $3,990,000 ($96.40/SF).
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $995,000
- 6.5%
- $915,000
- 7%
- $850,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,026,000
Market price range: $464k - $1.03M
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Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.0591
- Latitude
- 30.4308
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA