When it comes to purchasing an investment property there are many reasons why investors are attracted to commercial real estate. Commercial investment properties often offer promising returns with low risk. However, as a new investor, or one looking to move into commercial investing, you may be interested in learning about some of the best tips for diving in. Here's a few...
A weekly update on the commercial real estate landscape of Baton Rouge. Upcoming February Planning Commission Cases Valencia Park - Multifamily development with preference for Veterans Deferred from 12/10/18 and 1/22/19 meetings. This is a proposed 122-unit, multifamily affordable residential development with a perference for veterans. Proposed rezoning of General Residential & Heavy Commercial lots (A4 & C2) to SPUD (Small Planned...
As the current or future owner of an investment property, a high vacancy rate is the stuff of nightmares. Vacancy not only minimizes an investor’s return but also decreases the profitability of an investment property over time. Though currently, demand has surpassed supply in most of the commercial real estate realms, that doesn’t mean every property is safe from vacancy. So,...
A weekly update on the commercial real estate landscape of Baton Rouge. Upcoming February Planning Commission Cases Rezoning for Bar/Lounge on Government Street in MidCity Submitted December 6th, 2018 by Remi DeMatteo - Rezoning request from Light Commercial (C1) to Commercial Alcoholic Beverage (Bars and lounges) (C-AB-2). Application Rezoning Downtown for Office Use Submitted December 17th, 2018 by Peggy Westerman -...
Selling your commercial property should be easy right? Demand is up, communities are thriving and people who have money are spending it. However, sometimes you may feel that your commercial property has been on the market for ages and not a dent has been made in hopes of a sale. So what are some reasons why your property might not...
A weekly update on the commercial real estate landscape of Baton Rouge. Latest Planning Commission Requests 192 Multi-Family Units & 4,835 SF Clubhouse on Harding near BTR Submitted: December 5th, 2018 by Evan Holladay (SJB Group, LLC). A new development of multi-family residential buildings on the west side of Plank Rd. just south of Harding Blvd. 11.18 acres. 89,392 SF of...
Opportunity Zones have been a hot topic in the commercial real estate world lately. If you have yet to hear about them, let’s take a look at what they are. Added to the tax code under President Donald Trump in 2017, an opportunity zone is a community that has been distressed economically. Due to the economic climate of the area,...
A weekly update on the commercial real estate landscape of Baton Rouge. Latest Planning Commission Requests Three hangars and new taxiway at BTR Submitted: December 6th, 2018 by Mickey L. Roberson. Details » Hollywood Heights Concept Plan Submitted: December 6th, 2018 by Andy Hursey. Hollywood Heights is a planned development for low density single and two-family residential dwellings. The proposed location...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8660 Airline Hwy Price: Price Withheld Buyer: MDC Coastal 12 LLC Elifin's Notes: Realty Income Corporation, a San Diego-based investment firm, purchases the PetSmart near the corner of Airline Hwy and Florida Blvd. 1464 Government St Price: Price Withheld Buyer: 1464 Government Street LLC Elifin's Notes: The owners of Wanderlust by Abby...
If you have stumbled upon this article, it is likely you own or are planning to own an investment property. Though there are different types of investment properties: multifamily apartment complexes, office buildings, industrial facilities, and retail shopping centers, an investor’s top priority is usually low vacancy percentage. But what happens when you notice you’ve been facing challenges in keeping...
