1440 Government Street - Mid-City Baton Rouge

Office for Sale
Catylist Listing ID: 30467869
Property Subtypes: Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Building Size (RSF): 27,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.35 Acres
Sale Price: $1,800,000
Unit Price: $65.45 PSF
Ceiling: 18 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: The Historic "Valley House" Hotel
Class of Space: Class B
Sale Terms: Cash to Seller
Last Updated: 11/20/2019

Overview / Comments

MID-CITY JEWEL! Opportunity Zone/Historic Tax Credit Opportunity! Redevelopment Opportunity in Baton Rouge's booming Mid-City minutes from Downtown and the Garden District. This Historical Building once known as the Valley House is located on historic Government St. currently undergoing a $13.5 million "road diet" improvement project near the railroad tracks across from the new Electric Depot and potential proposed Baton Rouge passenger train station.

Buildings outside dimensions are 76 ft of frontage along Government St. between Kansas City Railroad tracks & S. 14th St. by 289 ft. This foot print is 21,964 SF on 6 lots with multi-stories. Government St. frontage section is brick construction exterior, 2 story with 1st floor store front & 2nd floor is wooden interior divided into rooms with a poured concrete custom balcony overlooking Government St. and accompanying vintage Kevin Harris plans, total footprint of this portion is 9,072 SF with a second story wrought iron concrete in laid balcony overlooking Government St.

An add-on "Industrial" section was built in the 1960's including original millwork, 18' eave heights with two overhead 8 ft wide doors and an entrance along the railroad and 8 ft door on 14th St. There is a fire slide door and a double steel door connecting this to the front section. A single fire slide door connecting to the 3rd section. This section is equipped with a restroom and running water. This area consists of 4,050 SF.

The final section is additionally concrete black construction, built in the 1960's, with 18' eave heights serviced by 2 overhead 12 ft wide doors, 1 recessed loading dock at the rear with drainage & an 8 foot overhead door. Practical functioning typical industrial space with an entrance door on the KCS railroad side. This section has both male and female restrooms with shower facilities. There is a 270 SF two story balcony and 6 foot sliding patio door overlooking the production area. This area is 13,050 SF. Total floor SF is 26,412.

This unique and remarkable Chicago brick building presents an imposing striking and eye-catching presence in Baton Rouge's Mid-City Renaissance. This property presents many opportunities for multiple type uses including retail, mixed-use, food-hall, restaurant, hospitality, mercantile, multi-family, shared office space, recreational, and industrial type uses. Property also has impressive roof-top potential for recreational gatherings, bar area, garden or terrace space . In addition, the property comes with practically a whole city block of zoned vacant land with a historic basement that can be utilized to provide ample parking for many types of uses. Located in flood zone X.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 51
Submarket Type: Central Business District
Tax ID/APN: 001-6767-3
Zoning: M-1
Property Located Between: Government St. & S. 14th St.
Highway Access: I-10 and I-110
Area Description: Baton Rouge Metro Airport
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 27,500 SF
Roof Type: Flat
Parking Type: Structure
Sprinklers: None

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,728 81,793 175,297
Median Age: 34.64 33.39 33.1
Households: 6,508 32,990 70,938

Contact

Photograph of Listing Agent

Carmen R Austin, CCIM

Saurage Rotenberg Commercial Real Estate, LLC Baton Rouge, LA 70809
LACDB Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.