Prime Redevelopment Opportunity Near Airline Hwy and Amazon

1885 Wooddale Blvd Baton Rouge, LA 70806

1885 Wooddale Blvd, Baton Rouge, LA, 70806
1885 Wooddale Blvd, Baton Rouge, LA, 70806 1885 Wooddale Blvd, Baton Rouge, LA, 70806 1885 Wooddale Blvd, Baton Rouge, LA, 70806 1885 Wooddale Blvd, Baton Rouge, LA, 70806 1885 Wooddale Blvd, Baton Rouge, LA, 70806 1885 Wooddale Blvd, Baton Rouge, LA, 70806
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,300,000
Last Verified:
Mar 15, 2024

Highlights

  • Redevelopment opportunity with great potential for multifamily
  • Convenient access to Airline Hwy, Florida Blvd, Greenwell Springs Rd, and S Choctaw Dr
  • Large off-street parking lot – ±300 spaces
  • A4 – General Residential zoning

Description

Now available for sale, 1885 Wooddale Blvd presents a significant redevelopment opportunity in a prime location.

The property, standing tall with 12 stories on a spacious ±4.3-acre lot, holds immense potential for transformation, especially into a multifamily residential complex.

Located less than a mile from the bustling intersection of Florida and Airline Hwy, ensuring high visibility and accessibility.

Proximity to major retail such as the new Amazon fulfillment center, Walmart, Rouses, and Hi Nabor adds to the property’s allure, enhancing the location's desirability and potential for high occupancy rates.

The property's strategic position also offers less than ±3 minute access to essential thoroughfares, including Airline Hwy, Florida Blvd, Greenwell Springs Rd, and S Choctaw Dr.

Excellent opportunity for investors and developers looking to capitalize on the area's growth and the proximity to major employment hubs. With its substantial lot size and favorable zoning, 1885 Wooddale Blvd offers an unparalleled redevelopment opportunity in the heart of a thriving community.

Large off-street parking lot with ±300 spaces surrounds the structure.

A4 – General Residential zoning. A4 Districts are designed for compact multifamily developments, allowing up to 43.6 units per acre, and for urban settings along four-lane major streets.

Lot W-1-A-1-A-1


Year Built: 1982
Building Size: 98000sq ft
Building Class: C
Lot Size: 4.3 acres


Documents

Sale Brochure

Map of 1885 Wooddale Blvd, Baton Rouge, LA, 70806

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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.