High Profile “Building Ready” Site on Siegen

Siegen Lane__7.196 Acres Baton Rouge, LA 70810

Siegen Lane__7.196 Acres, Baton Rouge, LA, 70810
Siegen Lane__7.196 Acres, Baton Rouge, LA, 70810
FOR SALE
Property Type:
Commercial Land Development
Amount:
$4,700,000
Last Verified:
Jul 03, 2020

Highlights

  • Extensive site work and infrastructure already in place (fill, retention pond, drives, parking, sewer, foundation piles, etc.)
  • Excellent visibility and one of the last large development tracts remaining in area
  • Ideal for medical, senior living, school, professional office, or multifamily

Description

As one of the few remaining development tracts along Siegen Lane north of Perkins Road, this ±7.196 acre parcel presents an incredible opportunity for a new high-profile development. The lot not only features ±388 feet of frontage along Siegen Lane, it is already poised for development with infrastructure improvements in place.

Existing infrastructure includes an entrance drive, multiple parking lots, a drop-off drive adjacent to building pad, a retention pond, sewer treatment plant, and foundation piles within the building pad.

The property is zoned for Small Planned Unit Development (SPUD), which allows for a mix of land uses relating to the development of large tracts of land. Many development concepts are possible as permissible uses for SPUD zoning include most commercial uses ranging from A1 (Single-Family Residential) to M1 (Light Industrial).

The property is seen by ±23,600 vehicles per day and would offer excellent visibility to all passing traffic. This section of Siegen Lane is populated with retail, multifamily, and hospitality properties and is surrounded by multiple residential neighborhoods.

Interstate 10 and the large retail development Siegen Lane Marketplace sit just 1 mile north of the property. Perkins Road to the south offers easy access to Bluebonnet Blvd and Pecue Lane.

Located on the west side of Siegen Lane north of Perkins Road and South of Ward Creek.

Lot Size: 7.2 acres

Map of Siegen Lane__7.196 Acres, Baton Rouge, LA, 70810

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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.