4957 Essen Ln

Retail-Commercial for Sale
Catylist Listing ID: 30396871
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.19 Acres
Sale Price: $2,495,000
Unit Price: $332.67 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Copelands
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/25/2019

Overview / Comments

• Premier Restaurant Location
• Heart of the Health District
• Excellent Access to I-10 & I-12
• C-AB-2 Zoning
• Located within 1 Mile of Four of the Top Six Largest Employers in Baton Rouge
• Close Proximity to Baton Rouge's Three Hospitals

The subject property is a 7,500 SF single tenant, restaurant located on Essen Lane directly across from Our Lady of the Lake Hospital. Situated on 1.190 acres that is zoned C-AB-2, the site offers 78 parking spaces and pylon signage. The subject property provides excellent access and visibility. Essen Lane has an average daily traffic count of 35,615. The location and visibility of the subject property make the subject highly desirable for restaurants seeking a location in the Baton Rouge Health District.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 53
Tax ID/APN: 000-4764-3
Zoning: C-AB-2
Retail Clientele: General, Family
Property Located Between: Jefferson Hwy and Perkins Rd
Highway Access: I-10 and I-12
Area Description: Essen Lane is a major north-south corridor that transects multiple major east-west arteries through the city. The subject property is located in the heart of the Baton Rouge Health District which provides great access to Our Lady of the Lake Hospital, Baton Rouge General Hospital, and the newly built Our Lady of the Lake Children's Hospital. Essen Lane is characterized by Class A office towers, multifamily complexes, national restaurant chains, hospitals, and medical offices. The Essen-Bluebonnet Class A office sub-market boasts an 84% occupancy rate over 2,026,909 SF of office space. Access, visibility, and proximity to major job providers make the subject property a premier restaurant location.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Total Parking Spaces: 78
Parking Description: Ample parking. The property has overflow parking behind the building. See aerial.
Zoning Description: C-AB-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,543 82,655 233,074
Median Age: 37.69 38.29 35
Households: 5,006 37,087 98,030

Contact

Photograph of Listing Agent

Evan P Scroggs

NAI/Latter & Blum Commercial Baton Rouge
Baton Rouge, LA 70806
Photograph of Listing Agent

Donnie M Jarreau, Jr

NAI/Latter & Blum Commercial Baton Rouge
Baton Rouge, LA 70806

Source

Louisiana Commercial Database, LLC
Original Source: Member Entered
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