Premier Retail Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30348359
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 13,604 SF
Gross Building Area: See Agent
Gross Land Area: 1.10 Acres
Sale Price: $3,000,000
Unit Price: $220.52 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2019

Overview / Comments

The subject property is a 13,604 SF single tenant, retail building located on Constitution Avenue just east of the College Drive-Constitution Avenue intersection. Situated on 1.103 acres that is zoned C-2, the site offers 63 parking spaces and pylon signage. The subject provides excellent access and visibility from Interstate 10. This stretch of Interstate 10 has an average daily traffic count 155,500.

Property Highlights:
• Premier Retail Location
• 63 Parking Spaces
• Freestanding Retail Fronting I-10
• Open Floorplan

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 52
Tax ID/APN: 723223
Zoning: C-2
Retail Clientele: General, Family, Business, Other
Property Visibility: Excellent
Traffic/Vehicle Count: 155,500
Highway Access: I-10 frontage. Quick and easy access.
Area Description: The subject property is located on Constitution Avenue just east of the College Drive intersection. The College Drive - Interstate 10 interchange is one of the most traverse I-10 interchanges in the city. This locale is one that is marked by major retailers, restaurant chains, and national hotels. As an established, and developed commercial corridor there are limited opportunities for both tenants and developers in this part of town. Proximity to major job providers, the Baton Rouge CBD, LSU, and some of the most established and sought after residential neighborhoods in Baton Rouge make this a strategic location for businesses, retailers, restaurants, and hotels.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1989
Roof Type: Flat
Total Parking Spaces: 63
Parking Type: Surface
Parking Description: 63 parking spaces total
Zoning Description: C-2
Lot Frontage: 214'
Lot Depth: 250'
Legal Description: TRACT B-1-A-2 CONT. 1.10 ACRES IN ALDRICH ACRES IN SEC. 94, T7S, R1E, BEING A RESUB. OF TRACT B-1-A , BEING A RESUB. OF TRACTS B-1 & B-2 ALDRICH ACRES. (BLOCKBUSTER VIDEO) 2010. (791-12287). 2012. (6-12460).

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,217 99,863 217,197
Median Age: 35.84 34.69 34.3
Households: 3,321 44,103 90,135
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.