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1564 NICHOLSON DR Baton Rouge LA 70802-8140

[Locked] • APN 30856544

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Details
Property Type Hospitality, Land (+2)
Sub Type Apartment Building, Day Care/Nursery (+1)
Building SqFt 13,500
Lot SqFt 29,918
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Zoning Code C2
Building Count 1
Opportunity Zone Yes
Sold Price/SqFt ******
Days on Market ******
Owner Name NICHOLSON-WAMPOLD, LLC
Owner Mailing Address (Full Address) ******
APN 30856544

Property History

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Property Type
Property Type
Retail, Multifamily, Hospitality, Land
Property Subtype
Day Care/Nursery, Industrial, Apartment Building
Marketing Description
+/- 2.048 Acres on Nicholson Drive in between Downtown Baton Rouge and Louisiana State University. Site has +/- 258' of frontage on Nicholson Drive. The property is located within an Opportunity Zone. Currently, there is a +/- 13,500 SF building on the north side of the property. The remainder of the property is an asphalt/gravel surface lot. There is a curb-cut at Mc Clung St which allows full access from Nicholson Drive.
The subject is currently zoned C1, C2, C-AB-2 and M1. However, future land use plans will change the zoning for this property to Mixed-Use. The property is strategically located in between the two largest employment centers in Baton Rouge, the Downtown CBD and Louisiana State University. Nicholson Drive serves as the link between Downtown Baton Rouge and the LSU Campus. Just north of the subject property is The Water Campus, a 35-acre research and development business park. The facility is one of the leading collaborative centers on water issues in the world and has attracted international attention. Also located just north of the subject is the River House development which brought over 220 luxury apartments to the market. Located just south of the subject is over 40 acres of assembled parcels which were to comprise The River District project. Further south, on the perimeter of the LSU Campus, is the 28-acre Nicholson Gateway development. Nicholson Gateway is a mixed-use student housing and retail development with over 1,500 beds and 50,000 SF of retail space.
Investment Highlights
  • 2.048 Acres on Nicholson Drive in Between Downtown Baton Rouge and Louisiana State University
  • +/- 258' of Frontage on Nicholson Drive With a Curb Cut at Mc Clung St., Allowing Full Access From Nicholson Drive
  • The Property is Currently Improved With an Asphalt/gravel Surface Lot and +/-13,500 Sf Building on the North Side
  • Currently Zoned C1, C2, C-ab-2, and M1. Future Land Use Plans Will Change the Zoning to Mixed-use
  • Other Projects in the Area Include: the Water Campus (35-acre R&d and Business Park), River House (+220 Luxury Apartments), the River District (Mixed-use Development on 40 Acres), and Nicholson Gateway (1,500 Student Beds and 50,000 Sf of Retail Space)

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
TG
Ty Gose PRO
•••.•••.1255
••.gose@••••.com
Brokerage logo
Listing removed on
 BY:
MC
Michael Cashio
•••.•••.1255
•••••••.••shio@••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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Baton Rouge, LA median rent ********
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National median ********
Compare median rents across markets
Baton Rouge, LA (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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