129 Climate controlled units make up 15,843 sf rentable building area. 140 feet of frontage on Florida Blvd. near Baton Rouge General Hospital. Zoned C-2. Priced under appraised value.
Property is in great condition. Current numbers bring in NOI of $84,940 / year with low occupancy at 70%. With zealous marketing and operation this business and real estate can increase value up to $1.4 million dollars. Great opportunity for mini storage operators. Adjacent 15,400 sf retail/office/warehouse building for sale at $520,000. See aerial photo with subject property outlined in red and adjacent building for sale outlined in blue. - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants
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Mid City South
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.