Lane Regional purchases pharmacy on Main St

The March 6, 2023 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $5.67M in disclosed volume. The headline deal: Fidelity Bank paid $1.63M ($398/SF) for a former Capital One branch on Bluebonnet Boulevard across from the Mall of Louisiana. Office led the week with three of the ten sales, while Lane Regional Medical Center bought the pharmacy next to its hospital facility on Main Street in Zachary for $975K and a local investor bought two multifamily properties with 25 units in the Melrose East subdivision for $824K.

By ELIFIN® Source: ELIFIN transaction database

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10Commercial sales recorded
$5.67MDisclosed volume (10 of 10 sales)
$1.63MLargest sale · 6920 Bluebonnet Blvd
3Office sales, the most active type

Commercial Sales Recorded Last Week 10 sales

6920 Bluebonnet Blvd

6920 Bluebonnet Blvd

  • Retail

$1,625,000 $398 / SF

Fidelity Bank purchases former Capital One branch on Bluebonnet Blvd across from the Mall of Louisiana.

BuyerFidelity Bank

6400 Main St

6400 Main St

  • Retail

$975,000 $139 / SF

Lane Regional Medical Center purchases pharmacy neighboring the hospital's facility on Main St in Zachary.

BuyerLane Regional Medical Center

1042 Monet Dr

1042 Monet Dr

  • Portfolio

$824,000 $32,960 / unit

Local investor purchases two multifamily properties in the Melrose East subdivision totaling 25 total units between the two properties.

BuyerP & B LLC

2250 Church St

2250 Church St

  • Office

$750,000 $132 / SF

Retail property in Zachary near the Rouse's Market sells to Baton Rouge investor.

BuyerEIMA Investments LLC

10210 Jefferson Hwy, Unit 1

10210 Jefferson Hwy, Unit 1

  • Land

$481,650 $97.80 / Land SF

Local office developer purchases office pad site at the developing Exchange @ Jefferson office condominium.

BuyerPropvest LLC

9270 Siegen Lane, Suite 302, 303

9270 Siegen Lane

  • Office
  • Suite 302

$330,000 $145 / SF

Two office suites sell in the Siegen Lane Office Center.

BuyerA-Plus ENT SLOC101102 LLC

11447 Investor Ave

11447 Investor Ave

  • Land

$246,000 $14.47 / Land SF

Two industrially zoned lots sell near the corner of Investor Dr and Fieldstone Dr.

BuyerTwo Amigos Dreaming LLC

10249 Cashel Ave

10249 Cashel Ave

  • Office

$149,000 $85 / SF

Tennessee-based buyer purchases office on the corner of Cashel Ave and Sharp Rd.

BuyerKim Bouie-Palmer

3405 Baker Blvd

3405 Baker Blvd

  • Industrial

$145,000 $50 / SF

Industrial property sells in Baker.

BuyerOne Up Trucking LLC

2001 North Blvd

2001 North Blvd

  • Multifamily

$142,000 $28,400 / unit

Local investor purchases 5 unit multifamily property on .55 acres on North Blvd.

Buyer3SB LLC

Upcoming Planning Commission Cases 2 cases

Rezoning for Old Scenic Hwy Tract

Submitted by Kyle Bratton

Proposed rezoning from Rural to Light Commercial Two (LC2) on 88.653 acre property located on the west side of Old Scenic Highway, north of Miraval Avenue.

Comprehensive Land Use Plans for Old Scenic Hwy Tract

Submitted by Kyle Bratton

Proposed amendment to the Comprehensive Land Use Plan from Agricultural/Rural to Commercial on 88.653 acre property located on the west side of Old Scenic Highway, north of Miraval Avenue.

Commercial Permits Issued Last Week 22 permits

AddressTypeValueDescriptionOwner / Applicant / Contractor
8300 CONSTANTIN BLVDCommercial: New$3,336,104A 6,890 SF new construction with a residential R-1 & assembly A-3 occupancy. The building will be used as a family support home, a hotel-like facility, to house family's who have patients at Our Lady of the Lake Children's hospital. Work includes revising existing site to accommodate new construction and connection to existing utilities.O Paula Sonnier MelearA Marcelle WalterC MILTON J. WOMACK, INC.
8037 PICARDY AVECommercial: Complete Interior$600,000(Expedited) COMPLETE RENOVATION OF INTERIOR OF EXISTING BUILDING FOR NEW PHARMACYO RANDY MIREA CHRISTOPHER GRANDC GRAND CONSTRUCTION COMPANY, LLC
2831 MONTERREY DRCommercial: Remodel$190,000(Expedited) Renovation of business (office) and storage. Electrical and Mechanical is 2 mini split system, one head in Parts room and one head in Conference room. No plumbing work.O Kevin LandryA Lonnie MalcombeC PATRICIA PULLIN MALCOMBE CONTRACTORS, INC
6981 LEMON RDManufactured Home: Existing$165,000mobile homeO —A Don McKeyC N/A
9638 AIRLINE HWYCommercial: Complete Interior$140,525commercial build Only electrical being doneO david meeksA Mhron ThabataC MRT Construction LLC
321 NORTH BLVDCommercial: Remodel$80,000(Expedited) Renovation of existing restaurant space into a different restaurant (Business: Assembly under 50).O Derek FitchA Nelson SanchezC PLUS ONE CONSTRUCTION, L.L.C. – Fritz Embaugh
12250 ELVA DRSolar$41,102Installation of 6.94 solar panels located on roof of dwellingO Donna DeluccaA Avery PageC Green Light Solar, LLC of Texas – Bret Anthony Duplantis
2678 GOVERNMENT STCommercial: Addition$40,000930 Sqft Patio AreaO Lawrence PaddockA Robert HolfordC Stellar Builds, LLC
14141 AIRLINE HWYCommercial: Remodel$30,000Office and warehouse operations associated with the integration of wireless and communications systems.O Natalie MageeA Natalie MageeC N/A
5831 LAKE SHELF DRFence$21,750New installation of 6 & 8' wood fence surrounding Lake Villas Crossing Subdivision.O Carlos AlvarezA Celeste LofdahlC M's Fence Company, L.L.C.
2220 S SHERWOOD FOREST BLVDFence$5,000Installation of 6 foot wooden fence between McDonald’s and Waffle House. About 2 feet inside McDonald’s property line.O Kyle BourgeoisA Felix BahamC F. BAHAM CONSTRUCTION CO., INC.
7100 PRESCOTT RDManufactured Home Permit: Relocation$3,000Relocation of mobile home to established trailer parkO Pam OdomA Chuck OliverC N/A
10192 PATRIOT DRCommercial: Remodel$1(Expedited)Change of use from storage (office/warehouse) to Cheer training facility – each class maximum number not to exceed 25 (A-3 use). 61 occupants total.O Sonya Murray-WadeA Sonya Murray-WadeC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar trailer park #79O —A Matt DavisC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar Trailer ParkO —A Matt DavisC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar Trailer ParkO —A Matt DavisC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar Trailer ParkO —A Matt DavisC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar Trailer ParkO —A Matt DavisC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar Trailer ParkO —A Matt DavisC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar Trailer ParkO —A Matt DavisC N/A
18733 SAMUELS RDManufactured Home Permit: Relocation$1Moving manufactured home into Sweetbriar Trailer ParkO —A Matt DavisC N/A
1060 CENTRAL RDFence N/AN/AReplacing Fence more than 25 sqft.O Jason HughesA Jason HughesC N/A
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