Former McDonald’s on Lee Dr sold

The January 16, 2023 issue covers nine commercial sales recorded across Baton Rouge the previous week. The headline deal: Placid Refining Company LLC bought a downtown office building at 402 Laurel Street and a nearby parking lot. Office and retail led with two sales each, including the former McDonald's at West Lee Drive and Burbank Drive, bought by Car Wash Express USA, while local architect and investor Steven Romero bought 11 fourplexes around Baton Rouge.

By ELIFIN® Source: ELIFIN transaction database

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9Commercial sales recorded
2Office sales, the most active type

Commercial Sales Recorded Last Week 9 sales

402 Laurel St

402 Laurel St

  • Office

Placid Refining Company purchases downtown office building and nearby parking lot.

BuyerPlacid Refining Company LLC

8729 Granite Dr

8729 Granite Dr

  • Portfolio

Local architect and real estate investor, Steven Romero, purchases 11 4-plexes around Baton Rouge.

BuyerJSR1 LLC

355 W Lee Dr

355 W Lee Dr

  • Retail

Car Wash Express USA purchase former McDonalds on the corner of W Lee Dr and Burbank Dr.

BuyerBoing US Holdco Inc

11311 Florida Blvd

11311 Florida Blvd

  • Retail

Mammoth Holdings, an Atlanta-based car wash investing firm, purchases former bank branch at the corner of Florida Blvd and N Sherwood Forest.

BuyerMarc 1 Holdings LLC

261 E State Street

261 E State Street

  • Multifamily

Local investor purchases 6 unit multifamily property near LSU.

BuyerSherwood4626 LLC

2020 Highland Rd

2020 Highland Rd

  • Hospitality

Texas investor purchases 10 unit motel, River East Inn, on Highland Rd.

BuyerRiver East Inn Enterprises LLC

Track 4 N Ardenwood Dr

Track 4 N Ardenwood Dr

  • Land

Louisiana Agricultural Finance Authority purchase vacant lot neighboring their office on Florida Blvd.

BuyerLouisiana Agricultural Finance Authority

9266 Mammoth Ave

9266 Mammoth Ave

  • Industrial

Ponchatoula couple purchase industrial property on Mammoth Ave.

BuyerBurl Luce

11817 Bricksome Ave, Suite A

11817 Bricksome Ave, Suite A

  • Office

Office condo sells in Office Village Office Condominium.

BuyerTregg Wilson

Upcoming Planning Commission Cases 2 cases

The Gates at Millerville

Revised submission 11/22/2022 by Mickey L. Robertson. Proposed amendment to the Comprehensive Land Use Plan from Commercial to Compact Neighborhood and proposed rezoning from Heavy Commercial (C2) to Small Planned Unit Development (SPUD) for a medium density residential development on property located east of Millerville Road, south of Hunter’s Ridge Drive.

Commercial Rezoning on Old Scenic Hwy

Submitted by Bryant Butler

Proposed rezoning from Rural to Light Commercial Two (LC2) on property located on the east side of Old Scenic Highway, south of Coppermill Boulevard.

Commercial Permits Issued Last Week 4 permits

AddressTypeValueDescriptionOwner / Applicant / Contractor
5510 LAVEY LNCommercial: New$58,000New construction of 1,500 s.f. Storage Building for mobile home park.O DARIN WATKINSA Darin WatkinsC WATKINS & WILLIAMS CONTRACTORS, INC.
16724 LONDON AVEFence$6,000Fence put up around the side of home, and back of home for privacy. Constructed back in October 2021O jillian brewerA jillian brewerC N/A
11558 PLANK RDManufactured Home Permit: Relocation$1Trailer relocation to mobile home park, Lot 14.O Travis ArmwoodA Travis ArmwoodC N/A
11750 CLOVERLAND CTOccupancyN/AOffice space/shop for flagpoles, signage, and flag sales and service.O Chris GrahamA Patrick HeddenC H & M Business Services – Patrick Hedden
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