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Baton Rouge
70816
14214 Old Hammond Hwy

Property profile

14214 Old Hammond Hwy Baton Rouge, LA 70816

FOR SALE

Investment properties

Property ID

US36-2595719

8,546 SF 0.09 ac lot Built 1980

Individually Owned 19-yr Hold ~ Est. High Equity

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$2,100,000 8,546 SF

14214 Old Hammond Hwy, Baton Rouge, LA 70816
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This exceptional 10,000 square foot event and catering center, located at 14214 Old Hammond Hwy in Baton Rouge, Louisiana, presents a unique investment opportunity. Priced at $1,850,000 ($185/sq ft) with a 7.32% cap rate, this owner-user property sits on a 4.5-acre lot and boasts a single tenancy. The property includes two main event halls, a rustic barn, and an outdoor gazebo area with a water view, providing versatile indoor and outdoor spaces for a variety of events. Established in 2007, Ashley Manor has a proven track record of success, hosting weddings, corporate events, and social functions. The business also offers on and off-site catering services, including catering for film productions and disaster relief events through the FEMA program. Events are currently booked through 2024, ensuring immediate income generation. The property is zoned commercial and features a non-transferable off-site alcohol permit. Detailed investor information is available upon request with a signed non-disclosure agreement. This turnkey operation offers a rare opportunity to acquire a profitable, established business with significant growth potential in the thriving Baton Rouge market. The property's prime location and diverse event offerings make it an attractive investment for both seasoned and aspiring entrepreneurs.

Property type Investment properties

Use group STORE/OFFICE (MIXED USE)

Year built 1980

Total area 8,546 SF

Lot 0.09 ac (3,920 SF)

APN 2018462

UPID US36-2595719

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Hotel & Motel Resort

14214 Old Hammond Hwy Baton Rouge, LA 70816

Baton Rouge metro Census 3911 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

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AI Approach AI

by Request

CAP Approach CAP

$1.23M

Comparable Approach Comparable

$1.30M

Blend (final) Blend

$1.34M

since 2007

1 recorded transaction

2007

$900,000

Comparables

6 recent transactions · within 1.5 mi

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