Madera Verde - Owner Agent

2959 Greenwood Drive, Baton Rouge, LA 70808

  • For Sale $849,500
  • Property Type Multi-Family
  • Property Size 7,016 SF
  • Units 8
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Nov 11, 2024
The Perkins Road Overpass area in Baton Rouge is a dynamic and fast-evolving district known for its unique mix of charm, culture, and convenience. Located 2.5 miles from downtown and LSU, this neighborhood has become a popular destination for locals and visitors, offering a vibrant mix of restaurants, shops, and local businesses. One of the most exciting developments is the proposed multi-use, linear park under the Perkins Road Overpass. This innovative project will create a scenic, pedestrian-friendly corridor that links the bustling commercial area with nearby residential neighborhoods, including the Garden District, Hundred Oaks, and beyond. Once completed, the park will offer residents and visitors a new way to connect with the area, enhancing walkability, encouraging outdoor activities, and fostering a deeper sense of community. The restaurant scene in the Perkins Overpass area has seen a recent surge of new and exciting venues. Long-time favorite Zippy’s Burritos has expanded, catering to both the loyal local crowd and newcomers. Var’s Pizza is another standout, offering delicious pizza in a casual, inviting setting. Most recently, the area has welcomed the Colonel’s Club, a brand-new restaurant in a beautifully renovated building that combines modern aesthetics with a touch of historic charm. With these exciting developments, both in infrastructure and dining, the Perkins Road Overpass area is quickly becoming one of the most desirable places to live, work, and play in Baton Rouge.Situated in the heart of the thriving Perkins Road Overpass area, this 8-unit apartment complex presents a prime investment opportunity in one of Baton Rouge’s hottest neighborhoods. With close proximity to new restaurants and bars, this property benefits from recent local investments transforming the area into a bustling area. A major highlight is the proposed multi-use, linear park under the Overpass, which will seamlessly connect the vibrant commercial corridor to surrounding residential neighborhoods, including the Garden District, Hundred Oaks, and other sought-after areas. This project is set to enhance walkability, boost community engagement, and significantly increase property values. This complex is made up of three separate, two-story buildings. The two front buildings are block construction and each house spacious two 2bed/1bath apartments. The rear building is frame construction, and it contains four 1bed/1bath apartments. The 1bed apartments currently rent for $800-1000/mo, and the 2bed apartments rent for 700-1000/mo, with several long-term residents in place. The property boasts ample parking for tenants, a must-have amenity in this busy part of town. Located just minutes from downtown Baton Rouge and LSU, this complex is perfectly positioned for steady rental demand.

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Attachments

Highlights

  • - 7,000 SF building with 8 units
  • - 100% occupancy
  • - Ideal for multifamily/low-rise/garden investors
  • - Well-maintained property in excellent condition
  • - Strong rental history and stable tenant base
  • - Desirable location with easy access to amenities
  • - Potential for value-add opportunities
  • - Proximity to transportation and major highways

Contacts

broker

Nathan McBride

Lee & Associates

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Baton Rouge, LA
  • Neighborhood Hundred Oaks
  • Zip Code 70808
  • Market Baton Rouge

Points of Interest

  • Tesla Supercharger

    0.22 miles

  • Circle K

    0.29 miles

  • Exxon

    0.40 miles

  • Chevron

    0.44 miles

  • Mobile

    0.76 miles

  • Shell

    0.80 miles

  • Citgo

    0.94 miles

  • Valero

    1.22 miles

  • Green Park

    2.42 miles

  • ChargePoint

    2.82 miles

  • Thomas Boyd Lot

    1.44 miles

  • Student Union Lots

    1.51 miles

  • Lot P

    1.57 miles

  • Lot J

    1.63 miles

  • Lot Q

    1.66 miles

  • Lot M

    1.73 miles

  • Lot R

    1.73 miles

  • Lot L

    1.75 miles

  • Parking 3A

    2.12 miles

  • Belle of Baton Rouge - Mayflower

    2.16 miles

  • La Quinta Inn Baton Rouge University Area

    0.48 miles

  • Courtyard Baton Rouge Acadian Centre/LSU Area

    0.51 miles

  • Radisson Hotel Baton Rouge

    0.52 miles

  • The Cook Hotel

    1.10 miles

  • Hampton Inn & Suites

    1.22 miles

  • Econo Lodge

    1.26 miles

  • Comfort Suites

    1.29 miles

  • Crowne Plaza Executive Center Baton Rouge

    1.31 miles

  • Candlewood Suites Baton Rouge - College Drive

    1.35 miles

  • Baton Rouge Marriott

    1.41 miles

  • George's

    0.04 miles

  • DiGiulio Brothers

    0.06 miles

  • Schlittz & Giggles

    0.08 miles

  • Jimmy John's

    0.08 miles

  • The Overpass Merchant

    0.09 miles

  • Kalurah Street Grill

    0.11 miles

  • BLDG 5

    0.13 miles

  • Zippy's Burritos

    0.14 miles

  • Frankie's Dawg House

    0.17 miles

  • Parrain's Seafood

    0.18 miles

  • Baton Rouge Center for Visual and Performing Arts

    0.38 miles

  • Trinity Episcopal Day School

    0.63 miles

  • Southdowns Preschool Center

    0.69 miles

  • Saint Joseph's Academy School

    0.77 miles

  • Saint Aloysius Catholic School

    0.82 miles

  • Buchanan Elementary School

    0.88 miles

  • Valley Park Alternative High School

    0.89 miles

  • McKinley High School

    0.95 miles

  • Catholic High School

    1.11 miles

  • McKinley Middle Magnet School

    1.17 miles

  • Southside Daycare & Early Learning Center

    1.25 miles

  • Unique Care Learning Center LLC

    1.83 miles

  • The Learning Center

    5.17 miles

  • KinderCare

    5.17 miles

  • Educational Station Children Center

    6.52 miles

  • Jayla's Learning Center

    6.66 miles

  • Creative Kids Fine Arts Academy

    9.39 miles

Frequently Asked Questions

How much does Madera Verde - Owner Agent cost?

The space currently listed for sale at Madera Verde - Owner Agent asks for $849,500.

What is the total square footage of Madera Verde - Owner Agent?

Madera Verde - Owner Agent totals 7,016 square feet.

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Contact Listing Broker

broker

Nathan McBride

Lee & Associates