Redevelopment Site Near River District

Vacant Land for Sale
Catylist Listing ID: 30515953
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1 Acre
Sale Price: $375,000
Unit Price: $375,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/29/2020

Overview / Comments

Priced to sell, 2501 Nicholson is a unique property located in a major growth corridor in Baton Rouge. The property is listed substantially lower than most other properties in this corridor.

The property has approximately 210 feet of frontage on Nicholson which has traffic counts of +25,000 cars per day. Currently the subject has access points on Nicholson Dr. and W. McKinley St. Another access point could potentially be added to the north side of the property on W. Johnson St.

There is currently a 4,000 SF office building which sits on approximately one acre of land. Zoned B1. Structurally, the building is well designed and has good bones.

Conveniently located near Downtown Baton Rouge, the Water Campus, and LSU, 2501 Nicholson looks to benefit handsomely from future growth and development in the River District corridor.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 52
Tax ID/APN: 005-8533-5
Zoning: B1
Property Located Between: Downtown, Water Campus, and LSU
Property Visibility: Excellent
Traffic/Vehicle Count: 25,000
Lot Frontage: 210
Lot Depth: 205

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,017 75,631 159,102
Median Age: 29.75 31.92 32.82
Households: 4,361 32,108 64,394
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.