3955 Plank Road.Indd

Home , County seat

plank road

*Please contact local Broker

Randall Boughton, CCIM 1700 City Farm Drive Baton Rouge, LA 70806

Office: 225.295.0800 Cell: 225.955.6916 [email protected] www.latterblum.com

Managed by:

155 West New York Avenue Suite 100 Southern Pines, NC 28387

Tel: 910.695.1909 www.cliftcommercial.com

section I • property brochure property flyer market information

section II • property maps aerial map standard site map traffic count map

section III • demographics executive summary

Name Plank Road

Location 3955 Plank Road, Baton Rouge, LA Parish East Baton Rouge Parish

Sq. Ft. 4,764 +/-

Individual Price $262,000

Potential Uses offi ce, fi nancial institution , retail

PROPERTY DESCRIPTION

Located in history-rich Baton Rouge, Louisiana, this former Chase Bank location sits on 1.917+/- acres (83,513 sq ft+/-). The building is 4,764 square feet and has direct physical access to Plank Road (Louisiana Highway 67), Mohican Street and Weller Avenue which are dedicated public roads or highways.

Although adapted to function as a banking facility, the building has many potential office, professional, or retail uses in the Baton Rouge Parish with C-2 heavy commercial zoning. A large parking lot with 74 regular and 4 handicap spaces and ingress/egress off heavily- traveled Plank Road and Mohican Street provides potential for many diverse retail oppor- tunities, as well as clubs, service organizations, government facilities, and medical clinics.

910.695.1909 225.955.6916 www.clift commercial.com www.latterblum.com

Bâton-Rouge is the capital of the U.S. state of Louisiana and its second-largest city. It forms the county seat of East Baton Rouge Par- ish and is located on the eastern bank of the Mississippi River. As the “Capital City”, Baton Rouge is the political hub for Louisiana, and is the second-largest city in the state, after New Orleans, with an estimated population of 228,590 in 2015. The metropolitan area sur- rounding the city, known as Greater Baton Rouge, is also the second- largest in Louisiana, with a population of 830,480 people as of 2015. The urban area has around 594,309 inhabitants. The median income for a household in the city was $30,368, and the median income for a family was $40,266.

Baton Rouge is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. The Port of Greater Baton Rouge is the tenth largest in the United States in terms of tonnage shipped, and is the farthest upstream Mississippi River port capable of handling Panamax ships. Baton Rouge enjoys a strong economy that has helped the city be ranked as one of the “Top 10 Places for Young Adults” in 2010 by Portfolio Magazine and one of the top 20 cities in North America for economic strength by Brookings. In 2009, the city was ranked as the 9th best place in the country to start a new business by CNN. Lamar Advertising Company has its headquarters in Baton Rouge.

The Baton Rouge area owes its historical importance to its strate- gic site upon the Istrouma Bluff , the fi rst natural bluff upriver from the Mississippi River Delta. This allowed development of a business quarter safe from seasonal fl ooding. In addition, the city built a levee system stretching from the bluff southward to protect the riverfront and low-lying agricultural areas. The city is a culturally rich center, with settlement by immigrants from numerous European nations and African peoples. It was ruled by seven diff er- LARGEST EMPLOYERS: ent governments: French, British, and Spanish in the colonial era, West Floridian, United States territory and state, Confederate, and Berente Companies United States again.

Penales Companies Situated on the Mississippi River, Baton Rouge represents the best Pre-Engineering Soft ware of Louisiana’s vibrant culture. The state capital, Baton Rouge is a thriving city that is home to both LSU and Southern University Iberville Insulations and numerous businesses and industrial facilities. Known for its great people, its unique food and its lively music, Red Stick has something for everyone - including a local government that cares.

910.695.1909 225.955.6916 www.clift commercial.com www.latterblum.com

Louisiana is a state located in the southern region of the United States. Louisiana is the 31st most extensive and the 25th most populousp of the 50 United States. Its capital is Baton Rouge and largestla city is New Orleans. Louisiana is the only state in the U.S. withw political subdivisions termed parishes, which are the local government’sg equivalent to counties. The largest parish by popu- lationla is East Baton Rouge Parish, and the largest by land area isis Plaquemines. Louisiana is bordered by Arkansas to the north, MississippiM to the east, Texas to the west, and the Gulf of Mexico toto the south. The United States Census Bureau estimates that the populationp of Louisiana was 4,670,724 on July 1, 2015, a 3.03% increasein since the 2010 United States Census.

TheTTh total gross state product in 2010 for Louisiana was US$213.6 billion,b placing it 24th in the nation. Its per capita personal incomein is $30,952, ranking 41st in the United States. In 2014, LouisianaLo was ranked as one of the most small business friendly states,st based on a study drawing upon data from over 12,000 smallsm business owners.

TheTh state’s principal agricultural products include seafood (it is theth biggest producer of crawfi sh in the world, supplying ap- proximatelyp 90%), cotton, soybeans, cattle, sugarcane, poultry andan eggs, dairy products, and rice. Industry generates chemical products,p petroleum and coal products, processed foods and transportationtr equipment, and paper products. Tourism is an im- portantp element in the economy, especially in the New Orleans area.a The Port of South Louisiana, located on the Mississippi River betweenb New Orleans and Baton Rouge, is the largest volume shippingsh port in the Western Hemisphere and 4th largest in the world,w as well as the largest bulk cargo port in the world.

LouisianaLo has three personal income tax brackets, ranging from 2%2 to 6%. The sales tax rate is 4%: a 3.97% Louisiana sales tax anda a .03% Louisiana Tourism Promotion District sales tax. Politi- calca subdivisions also levy their own sales tax in addition to the statet fees. The state also has a use tax, which includes 4% to be distributed by the Department of Revenue to local governments.

910.695.1909 225.955.6916 www.clift commercial.com www.latterblum.com

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