4770 Hooper Rd - Freestanding FOR SALE


Baton Rouge, LA 70811- Brownfields
$135,000 USD
305-206-1286
4770 Hooper Rd, Baton Rouge, LA for Sale
$135,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

4770 Hooper Rd
Baton Rouge, LA 70811
Brownfields


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Dollar General | 21K VPD | 2008 Built | AUCTION OCTOBER 14-16
  • 9,181 SF Freestanding Value-Add Retail on 1.0 Acre Available at Substantial Discount Below Replacement Cost
  • Built in 2008; Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • 21,651 VPD Traffic Counts on Hooper Rd and Near Intersection with Plank Rd (29K VPD); 1-Mi from I-110 (62K VPD)
  • Surrounding Traffic Generators: Baton Rouge Metro Airport, State Farm, ExxonMobil Refinery (largest in the county with over 6K employees), and more
  • Attractive Demographics with Population of ±109,138 and Average Household Income of ±$56,302 (5-Mile)

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 4770 Hooper Road in Baton Rouge, LA 70811 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost presenting an excellent opportunity for owner/users or investors to acquire a highly visible asset located just ±1.5-Mi from Baton Rouge Metropolitan Airport at a substantial discount. FIRST BID MEETS RESERVE! Built in 2008, the Property features a one-story, free-standing retail building totaling ±9,181 square feet, situated on a ±1.033-acre parcel (±45,000 SF) with 28 surface parking spaces. The site benefits from excellent accessibility via a dedicated curb cut and ±150 feet of prime frontage along Hooper Road, which carries ±21,651 vehicles per day (VPD) near its intersection with Plank Road (±29,832 VPD). Previously operated under a triple-net (NNN) lease by Dollar General, the Property presents a compelling value-add opportunity, enabling investors or owner/users to capture upside through lease-up or repositioning at competitive market rents (CoStar estimated retail rents of $14–17/SF NNN). Zoned C-2, Heavy Commercial, the site allows for a broad range of retail, service, or adaptive reuse opportunities. The Property is located in Baton Rouge, Louisiana, within East Baton Rouge Parish, just ±1.5-mi from Baton Rouge Metropolitan Airport. It offers strong visibility and direct connectivity to Interstate 110 (±1-mi; ±62,000 VPD) and Interstate 10, two of the region’s primary transportation arteries. The surrounding area is supported by the Airport and a mix of residential neighborhoods, industrial users, schools, and community services, all of which generate steady daily traffic. The immediate corridor also features neighborhood retail, quick-service restaurants, and service-oriented tenants that reinforce consistent daily traffic. Major employers and demand drivers in close proximity include Coca-Cola Bottling Company (±1.5-mi), ExxonMobil’s Baton Rouge Refineryand one of the largest in the U.S., the new ±$200 million Amazon Fulfillment Center at the former Cortana Mall (±6-mi), and Louisiana State University (±10-mi; ±37,000 students). These anchors, combined with surrounding residential density, contribute to reliable consumer traffic and daytime activity. The Property is further supported by very dense demographics, with over 53,000 residents within a 3-mi radius and nearly 110k people within a 5-mi trade area. With its combination of prime frontage, regional access, and proximity to Baton Rouge’s major economic engines, the Property is well-positioned to capture demand from both local residents and the broader metro market.

FOR SALE DETAILS

PRICE

$135,000 USD

PRICE/SF

$15 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction -REIT Sale | Former Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

02601338

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.