16410 Florida Blvd, Baton Rouge, LA 70819-3701
- Investment properties
- 1,500 SF
- 1.23 lot acres
Current Use by Public Records
- J & S Construction of Louisiana LLC / Construction Company / General Contractor
- Superior Fleet Solutions - Baton Rouge / Auto Repair Shop
- U-Haul Neighborhood Dealer / Car Rental Facility
Property Details for 16410 Florida Blvd
- Lot size
- 1.23 lot acres
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 2017296
- APU
- 2017296
Description
Exceptional investment opportunity: a 5.68-acre commercial and industrial land parcel located at 16410 Florida Blvd, Baton Rouge, Louisiana, 70819. This property boasts over 500 feet of frontage on Florida Boulevard and features a mix of existing structures, including a roughly 2,000 square foot mobile office building and a metal building equipped with two roll-up doors. Currently leased until June 30, 2028, the property generates a stable annual income of $60,000, subject to annual increases. The lease agreement includes tenant responsibility for utilities and grounds maintenance, while property taxes and insurance are covered by the landlord. The property is zoned Rural (APN: TMP182164) and presents a compelling pro-forma cap rate of 6.06% and a pro-forma NOI of $60,000. This offering represents a strong cash-flowing investment with a remaining lease term of approximately 3.6 years. Please note: Do not disturb the tenant. Further details are available upon request.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.005
- Latitude
- 30.4663
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
