Multifamily Development Opportunity at Airline – Potential for 135 Units

2618 Wooddale Blvd Baton Rouge, LA 70805

2618 Wooddale Blvd, Baton Rouge, LA, 70805
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,400,000
Last Verified:
Nov 14, 2024

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Highlights

  • Multifamily development opportunity – potential for 135 units & a community center
  • Zoned C2 – Heavy Commercial
  • Adacent parcel also available for sale, offering further expansion possibilities
  • Strategic access to Hwy 37, Hwy 61, and the growing Amazon development at Florida

Description

Now available for sale, 2618 Wooddale Blvd is a development opportunity which features 24 buildings totaling ±135,000 SF on an expansive ±8.04-acre site.

Currently zoned C2 – Heavy Commercial, this property is ideal for transformation into a multifamily community with plans previously outlined for 135 units and a community center.

There is a separate parcel within the same complex, currently operating as a church, also available for sale and offering further expansion possibilities.

Strategically positioned with quick access to Hwy 37 (Greenwell Springs Rd) and Hwy 61 (Airline Hwy), and only ±5 minutes from the significant development around the new ±3,400,000 SF Amazon fulfillment center at Airline Hwy/Florida Blvd, this property boasts excellent connectivity.

The property is gated and has room for ample parking.

Lot 1-A-1-B

Building Size: 135000sq ft
Lot Size: 8.04 acres


Documents

Sale Brochure

Map of 2618 Wooddale Blvd, Baton Rouge, LA, 70805

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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.