Hooper Road Retail Development Tract

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30415384
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 9.35 Acres
Sale Price: $1,100,000
Unit Price: $117,647 Per Acre
In Opportunity Zone? Yes
Sale Terms: Undisclosed, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 7/6/2020

Overview / Comments

The subject property is +/- 9.35-acre vacant tract of land zoned C-2 with approximately 1,673' of frontage. The site is approximately 2.2 miles away from the Baton Rouge Metropolitan Airport. The subject's highest and best use is a retail development tract because of the property's zoning (C-2) , its proximity to the airport as well as the 518 newly constructed apartment units directly behind the subject property. Also, the property is located in an Opportunity Zone providing excellent tax incentives for economic development.

9.35-Acre Retail Development Tract
All Utilities Are In Place & Stubbed Out
1,673' of Frontage
518 New Constructed Multifamily Units Directly Behind Subject Property
2.2 Miles Away From the Baton Rouge Metropolitan Airport

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 21
Tax ID/APN: 028-7349-4
Zoning: C-2
Property Located Between: Located near the Baton Rouge Metropolitan Airport
Feet of Frontage: 1,673
Traffic/Vehicle Count: 25,039
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. With traffic counts of 25,000+/- vehicles per day, the subject offers future shops and business excellent visibility and access. 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.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,568 64,185 138,588
Median Age: 32.27 32.21 33.33
Households: 2,594 21,800 49,432
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.