Rare Downtown Office Investment

Office for Sale
Catylist Listing ID: 30546297
Property Subtypes: High-Tech, Flex Space, Net Leased, Office Building
Building Size (RSF): 23,407 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 SF
Sale Price: $3,100,000
Unit Price: $132.44 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: 1201 Main
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 9.26%
Last Updated: 6/1/2020

Overview / Comments

The subject property is a single-tenant, leased stand-alone office building situated on three assimilated lots located on the northeast corner of Main Street and N. 12th Street with a physical address of 1201 Main Street in Baton Rouge, LA.

Each lot measures 42' wide by 150' deep providing the subject with total land dimensions of 126' x 150' or 18,900 square feet. The improvements include a 23,407 SF, two-story office building that was completely renovated in 2005. The building includes office and warehouse space. There is a total of 16,984 SF of office space and 6,423 SF of warehouse space.

This is a unique combination and layout for this part of the Baton Rouge MSA. Parking for the building is provided by a gravel lot immediately to the east and adjacent to the subject.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 51
Tax ID/APN: 001-4333-2
Zoning: C-2
Number of Stories: 2
Year Built: 1927
Year Renovated: 2005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,181 84,814 180,437
Median Age: 34.32 32.78 33.09
Households: 4,259 33,627 72,721

Contact

Photograph of Listing Agent

Evan P Scroggs

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Dexter Shill

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Erin Caballero

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
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