Catylist ID:
#30415378
Hooper Road Multifamily Development Tract
Vacant Land
for Sale
Also listed as Multi-Family
| Catylist Listing ID: | 30415378 |
| Property Subtypes: | Multi-Family |
| Building Status: | Proposed |
| Gross Land Area: | 11.55 Acres |
| Sale Price: | $875,000 |
| Unit Price: | $75,757 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Undisclosed, Build-to-Suit |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/15/2024 |
Overview / Comments
|
The subject property is +/- 11.55-acre vacant tract of land zoned C-2. The site is approximately 2.2 miles away from the Baton Rouge Metropolitan Airport. The subject's highest and best use is a multifamily development tract because of the property's zoning (C-2 allows 29 multifamily units per acre), its proximity to the airport and other North Baton Rouge job providers. Also, the property is located in an Opportunity Zone and QCT providing excellent tax incentives for economic development. 11.55-Acre Multifamily Tract 2.2 Miles From Baton Rouge Metropolitan Airport Site Allows for up to 319 Units Located in an Opportunity Zone & QCT |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 22 |
| Zoning: | C2 |
| Property Located Between: | Located near the Baton Rouge Metropolitan Airport |
| Area Description: | The subject property is located on Hooper Road near the Plank Road intersection in Baton Rouge, LA. The Harding Boulevard-Plank Road corridor is a major east-west corridor that traverses the northern part of the city. This corridor connects U.S. Highway 61 on the western side of the parish with LA Highway 37 on the eastern side of the parish. Additionally, this corridor links the City of Central to I-110. The subject is located 2.5 miles from the Baton Rouge Metropolitan Airport (BTR). BTR employs approximately 4,500 people and has preliminary plans to expand across Plank Road. Located within nine miles and 20 minutes of the Baton Rouge Central Business District this tract is well positioned within the Baton Rouge MSA. The major job providers in the immediate vicinity of the subject property include the Exxon-Mobil Refinery, Southern University, the Baton Rouge Metropolitan Airport, Exxon-Mobil Chemical and the LSU Health Baton Rouge North Walk-In Clinic. Glen Oaks Park Elementary School, Glen Oaks Middle School and Glen Oaks High School are also located in the immediate vicinity. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,339 | 64,033 | 140,279 |
| Median Age: | 31.87 | 31.58 | 33.37 |
| Households: | 2,197 | 21,108 | 50,084 |
| The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
