Commercial Land For Sale Airline Highway

Vacant Land for Sale
Catylist Listing ID: 30180632
Property Subtypes: Industrial, Office, Retail, Other
Gross Land Area: 2.12 - 3.07 Acres
Sale Price: $1,320,000 - 2,192,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2017

Overview / Comments

Location: Adjacent to intersection of Airline Highway and Post Office Road
High Traffic / High Visibility with frontage on both Airline Highway and Post Office Road.

Land: 2.12 (+/-) acres / 92,347.2 (+/-) square feet

Improvements: There is a residential structure on the property which is of no value

Zoning: MU - Mixed Use Corridor

Assemblage: Owner is also offering the adjacent 0.95 acres at the hard corner of Airline and Post Office Road For Sale separately at $872,000. This adjacent tract produces income through a Ground Lease to a Chevron operator producing $3,488.65 NNN per month / $41,863.80 per year with annual CPI rent increases. Leased through April 30th, 2031 with one (1) ten (10) year renewal option.

Price: $1,320,000 / $14.29 per square foot.

Additional Details

Nearest MSA: Baton Rouge
County: Ascension
Submarket/Township: 90
Tax ID/APN: 5619200

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,001 36,196 76,396
Median Age: 34.46 33.54 34.55
Households: 1,361 12,298 27,150

Contact

Photograph of Listing Agent

Bryce French

Max J Derbes Inc New Orleans, LA 70123-3229
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