545 Foster DrBaton Rouge, LA 70806

Property Details for 545 Foster Dr

Lot size

1.00 AC

Property size (Sq ft)

1,914 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

583707

APU

583707

Description

This exceptional Baton Rouge property presents a unique live/work opportunity in the vibrant Mid City area. The offering encompasses two buildings totaling 3,857 square feet on a 0.24-acre lot (APN: 005-8370-7). The main structure is a two-story, 1,782 square foot retail/commercial building, currently operating as a restaurant, with additional first and second-story porches. The building is zoned primarily C1, but also benefits from a 'spot zoning' designation of C-AB-1. A separate, modernly remodeled two-bedroom, two-bathroom residence is included, featuring an open floor plan, high-end finishes, and front and rear porches. This live/work space offers ample off-street parking. The net rentable area is 3,143 square feet, with an asking price of $1,150,000 ($298.16 per square foot). The current restaurant owner will relocate upon sale, presenting a blank canvas for a new business venture. This property is truly unparalleled in Mid City, offering a rare blend of commercial and residential space in a highly desirable location at 545 S Foster Dr, Baton Rouge, LA 70806.

• CAP approach

  CAP return

  Valuation

  6%

  $324,656

  6.5%

  $299,683

  7%

  $278,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,302

  Geo Method

  $888,200

• Alternative Use

  Use

  Valuation

  Residential

  $299,683

  Hospitality

  $274,508

  Educational

  $228,387

  Medical

  $236,242

  Retail

  $355,269

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4439

Longitude

-91.1381

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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