Catylist ID:
#30415384
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: | 3/20/2024 |
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 |
Attachments & Media
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. |
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 Moody's assume any liability for errors or omissions. |