Restaurant/Retail Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30270454
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 8,365 SF
Gross Land Area: 1.21 Acres
Sale Price: $1,400,000
Unit Price: $167.36 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User, Business
Building Name: Nagoya
Usable Size (USF): 8,365 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2018

Overview / Comments

- Excellent visibility with 140' fronting S Sherwood Forest
- 8,000 SF restaurant building For Sale on South Sherwood Forest Blvd.
- Building sits on 1.21 acres with parking in the front, side, and rear of building.
- Traffic Count of 32,000 vehicles per day pass this site
- Seating capacity is approximately 170+/- customers

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 1219170
Zoning: C-AB-2
Retail Clientele: Family, Business, Tourist
Property Located Between: I-12 and Airline Hwy
Property Visibility: Excellent
Largest Nearby Street: I-12
Feet of Frontage: 140
Traffic/Vehicle Count: 32,000
Highway Access: Old Hammond Hwy, Jefferson Hwy, Airline Hwy
Site Description: The subject property has an area of 1.21+/- acres (52,707+/- SF). The subject property is improved with a 8,365 SF, one-story restaurant building, with landscaping and lighting and 75+/- concrete-paved parking spaces. It is an interior site on the west side of South Sherwood Forest Blvd. The property is irregular in shape, with approx. 140+/- feet of frontage on the west side of South Sherwood Forest Blvd. The site is level and at the street grade. According to the East Baton Rouge Parish Flood Insurance Rate Maps, the site is in Flood Zone X (outside the designated 100-year flood hazard zone). Drainage for the site appears adequate. Subsurface drainage along South Sherwood Forest Blvd facilitates rainwater runoff. All utilities are available to the subject site. These include water, sanitary sewerage, telephone, electricity, cable, and natural gas.
Area Description: The subject property is in a commercial corridor along South Sherwood Forest Blvd. Nearby uses include for Hardee's Restaurant, Dunkin Donuts, Dairy Queen, AT&T retail store, Regions Bank, several office buildings, Picadilly Restaurant, and Racetrac convenience store.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,325 SF
Property Condition: Fair
Year Built: 2000
Year Renovated: 2007
Roof Type: Other
Construction/Siding: Stucco
Exterior Description: The building has a reinforced monolithic concrete slab foundation. Is a concrete block structure, with painted stucco exteriors. Exterior windows are fixed plate glass in aluminum frames. Main entry doors are storefront glass in aluminum frames. The rear entry doors are metal set in metal frames. The building has a pitched standing-seam metal roof.
Total Parking Spaces: 75
Parking Type: Surface
Parking Description: 75 Concrete-paved parking spaces

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,857 95,892 213,192
Median Age: 33.25 36.66 35.76
Households: 7,717 40,837 87,536

Contact

Photograph of Listing Agent

Brent Struthers

Beau Box Commercial Real Estate Baton Rouge, LA 70808
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.