10985 N Harrells Ferry Rd, Baton Rouge, LA, 70816

10985 N Harrells Ferry Rd Baton Rouge, LA 70816

10985 N Harrells Ferry Rd, Baton Rouge, LA, 70816
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,300,000
Last Verified:
Nov 29, 2023

Highlights

  • Proximity to I-12 and US 61
  • Value add opportunity
  • New roof and HVACs (2021)

Description

This 22,000 square foot office building is an ideal opportunity for an Investor or Owner-Occupant. The property is mostly vacant, providing the flexibility to customize the space for your specific needs and is primed for value enhancement through interior updates.

Investment Potential:
- potential for significant increase in rental income and long-term appreciation
- location, ease of access to US Hwy 61 and Interstate 12, and flexible layouts to attract a diverse range of tenants.

Owner-Occupant Value:
- opportunity to establish a permanent presence in a thriving business community
- ability to customize the space to ensure a tailored work environment that enhances productivity and fosters company culture

BATON ROUGE is the capital city of Louisiana and parish seat of East Baton Rouge Parish, the most populous parish in Louisiana. Located on the Mississippi River in the southeast region of the state, Baton Rouge is a major center of commerce, industry, tourism, and many diverse cultural activities.

The Baton Rouge MSA has the largest concentration of chemical industry employment in the state and is home to the nation’s fourth largest refinery. The city also has a substantial medical research and clinical presence which has grown in recent years due to the development of its Health District between Essen Lane and Bluebonnet Blvd.

Top employers include Our Lady of the Lake Regional Medical Center and Baton Rouge General Medical Center. Other principal employers of the city are Louisiana State Government, Turner Industries, Louisiana State University, East Baton Rouge Parish School System, Performance Contractors, City-Parish Government, ExxonMobil Corporation, Lamar Advertising, Marucci Sports, Brown & Root and Raising Cane’s Chicken Fingers.


Year Built: 1986
Building Size: 22000sq ft
Building Class: C
Lot Size: 1.02 acres

Map of 10985 N Harrells Ferry Rd, Baton Rouge, LA, 70816

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.