Commercial For sale Multifamily Other

Commercial Property for Sale in Baton Rouge Louisiana 70820

4445 Alvin Dark Ave, Baton Rouge, Louisiana 70820

$11,600,000

$44 / sq ft Listed Oct 30, 2024

264,179 sqft

Building

264,179 sqft

Lot

1975

Built

Stories

296

Units

Class B

Class

About this property

Commercial Property for Sale in Baton Rouge Louisiana 70820 is a multifamily for sale in Baton Rouge, Louisiana, listed at $11,600,000. Key details: year built 1975, building size 264,179 sqft, lot size 264,179 sqft, stories 2. Listed by Chris Maling of Avison Young on LoopingCloud and last updated October 30, 2024.

Tiger Plaza (4445 Alvin Dark Avenue - 296 units), a multifamily property in Baton Rouge, Louisiana, presents an outstanding investment and development opportunity. This receivership sale offers the property in as-is condition; it is in major disrepair and requires extensive renovations. The asset provides an ideal canvas for remodeling and creating attractive housing for university students and staff. Strategically located just 1.5 miles from Louisiana State University, the residences have appealing amenities, including a gym, basketball courts, sand volleyball courts, and a pool. Moreover, national credit tenants like McDonald’s, Sonic, Taco Bell, and Yogurtland, along with various local restaurants and bars, are situated within a 1.5 miles. This unique offering combines ideal location with the potential for transformative renovations, making it a compelling proposition for investors seeking to cater to the housing needs of the university community.

Key highlights

Ample parking

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

Company	Lender type	Contact	Phone
TheLoanProsTeam	Mortgage Broker	Roxanne Chung	(754) 707-5877
Money Solutions, LLC	Mortgage Broker	Jennifer A. Judice	(813) 431-5000

Property details

Key facts

Year Built: 1975
Building Size: 264,179 sqft
Lot Size: 264,179 sqft
Stories: 2
Total Units: 296
Building Class: Class B
Property Status: Normal Sale
Building Status: Existing

Pricing details

Financing: Third Party Financing
Investment Property: Active investment property

Investment snapshot

$44

Price per sq ft

Acquisition options

Option	Asking price	Cap rate	Commission	Monthly income	Ownership
Purchase Only	$11,600,000	13.4%	-	-	-

Features and amenities

Highlights

Ideal redevelopment and investment opportunity
Situated just 1.5 miles from Louisiana State University
Great mix of unit types that can suit a wide variety of residents
Numerous on-site amenities including a gym, pool, and sand volleyball courts
Ample parking
Close proximity to numerous National Credit Tenants and local restaurants and bars

Location

Address as shown by the lister.

Get directions

About this area - Baton Rouge

Population: 15,193
Housing units: 7,124
Land area: 17.3 sq mi
County: East Baton Rouge

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Links

1 link

Frequently asked questions

What is the asking price of Commercial Property for Sale in Baton Rouge Louisiana 70820?

Commercial Property for Sale in Baton Rouge Louisiana 70820 is listed at $11,600,000. That works out to about $44 per square foot.

Where is Commercial Property for Sale in Baton Rouge Louisiana 70820 located?

The property is in 4445 Alvin Dark Ave, Baton Rouge, Louisiana 70820, East Baton Rouge County.

What type of property is this?

This is a multifamily for sale in the commercial category.

How big is the property?

The building is 264,179 sqft. The lot is 264,179 sqft.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Chris Maling of Avison Young listed this property. Use the Request Info button to send a message or call +1 (213) 618-3824.

When was this listing published?

It was published on October 30, 2024 and last updated on October 30, 2024.

Listing information

Listing ID: CL-Louisiana-12621
Published: Oct 30, 2024
Last updated: Oct 30, 2024
Views: 275

Report a problem with this listing

Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

Asking price

$11,600,000

Chris Maling

Avison Young

Call +1 (213) 618-3824 Make a soft offer Send a message

Estimated payment

- / month

Principal and interest. Loan - · total interest -

Price

Down payment %

Interest rate %

Term (years)

An example only, not an offer of credit. Open the full calculator

Similar properties

$2,900,000

Commercial Nov 1, 2024

49579 sqft Multifamily Other