The Pulse BR: Government Street Rezoning For Mixed Use Development

A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

383 Highlandia Dr
383 Highlandia Dr

Type: Office
Price: $3,202,500 ($285 / SF)
Buyer: Pinnacle Warehouse LLC
Elifin’s Notes: Office building with accompanying warehouse and vacant 1.2 acre lot sells on Highlandia Dr.

1600 Lakes Blvd
1600 Lakes Blvd

Type: Multifamily
Price: $3,045,000 ($145,000 / Unit)
Buyer: Lewis Tec VI LLC
Elifin’s Notes: Local investors, Lanny and Valerie Lewis, purchase 21 condominium units in the Lakes at Bluebonnet condominium off Bluebonnet Blvd near the Burbank Dr intersection.

2615 Aubin Lane
2615 Aubin Lane

Type: Self-Storage
Price: $1,250,000 ($125 / SF)
Buyer: Wong Cubes LLC
Elifin’s Notes: Aubin Lane Self Storage, a climate controlled storage facility, sells near the Cedarcrest Ave and I-12 overpass.

1151 S 15th St
1151 S 15th St

Type: Multifamily
Price: $1,000,000 ($125,000 / Unit)
Buyer: South 15th St Apartments LLC
Elifin’s Notes: Local investors purchase 8-unit apartment complex off S 15th St.

8091 Tom Dr
8091 Tom Dr

Type: Industrial
Price: $920,000 ($54 / SF)
Buyer: TMI Enterprise LLC
Elifin’s Notes: Office/warehouse sells on Tom Dr near the Airline Hwy intersection.

4163 North Blvd
4163 North Blvd

Type: Office
Price: $260,000 ($161 / SF)
Buyer: Metromorphosis
Elifin’s Notes: Metromorphosis, a local non-profit that helps transform urban communities from within, purchases their office building in Mid-City.

6892 Hooper Rd
6892 Hooper Rd

Type: Specialty
Price: $235,000 ($44 / SF)
Buyer: Serenity Praise & Worship Tabernacle
Elifin’s Notes: Serenity Praise & Worship Tabernacle purchase their church building on Hooper Rd.

1625 Seabord Dr
1625 Seabord Dr

Type: Industrial
Price: $190,000 ($63 / SF)
Buyer: Iglesia Evangelica Monte Sinai
Elifin’s Notes: Industrial property sells on the corner of Seabord Dr and Fountain Ave.

4737 Millwood Dr
4737 Millwood Dr

Type: Land
Price: $159,000 ($13.65 / Land SF)
Buyer: Haddad Investments LLC
Elifin’s Notes: Local office developer purchases vacant lot off Millwood Dr near the Coursey Blvd intersection.

14608 S Harrells Ferry Rd
14608 S Harrells Ferry Rd

Type: Office
Price: $150,000 ($115 / SF)
Buyer: Eman & Anna LLC
Elifin’s Notes: Dentist office sells on S Harrell’s Ferry Rd near the Millerville Rd.


Upcoming Planning Commission Cases

Government St Rezoning for Mixed Use Development

  • Submitted 6/30/2022 by Reggie Meade. Proposed rezoning from Light Industrial (M1) to Commercial Alcoholic Beverage (bar and lounge) (C-AB-2) on property located on the south side of Government Street, east of South 14th Street for Mixed Use – restaurant / bar, reception hall, and office space.
  • Staff Report – Application – View on Map

 
Rezoning on Greenwell Springs for Mental Health Center

  • Submitted 6/8/2022 by Eternal Crisis Outreach. Proposed rezoning from Single Family Residential (A1) to Light Commercial Two (LC2) on property located on the south side of Greenwell Springs Road, west of North Sherwood Forest Drive for substance abuse and mental health group home.
  • Staff Report – Application – View on Map

 


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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