Historic Downtown Asset For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30781598
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 25,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.21 Acres
Sale Price: $2,500,000
Unit Price: $100 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/30/2022

Overview / Comments

Elifin is proud to present this remarkable asset at the hard corner of 3rd St and Convention St. for sale. Utilized for 114 years as a Masonic Temple, this property is poised for revitalization as a Downtown mainstay.

This landmark property, located in the Downtown Baton Rouge Historic District, features 3 floors totaling ±25,000 SF. The first floor is in shell condition and features several private offices, conference rooms, and a great potential retail storefront. The second floor includes a mixture of private offices, storage areas, and a commercial kitchen with a cafeteria-style seating area. The third floor consists of a mixture of open areas, private offices, and two unique areas with stadium-style seating.

Directly across Convention St from a 5-level parking garage that provides convenient parking for visitors and customers.

Roof replaced in 2014 along with several upgrades to plumbing, HVAC, and electrical systems.

Located in close proximity to the Watermark Hotel, Shaw Centre for the Arts, Hotel Indigo, Hilton Baton Rouge, LSU Museum of Art, Manship Theatre, Old State Capitol Building, the Mississippi River, and many restaurants and retailers along 3rd Street.

- Historic and Federal Tax Credits Available
- Located at the corner of 3rd & Convention
- Directly across from a 5-level pay to park parking garage

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 51
Tax ID/APN: 001-6201-9
Property Located Between: 3rd St & Convention St
Property Visibility: Excellent
Highway Access: Hwy 190 (Florida St)
Airports: Baton Rouge Metropolitan Airport
Area Description: Located centrally in Downtown Baton Rouge.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1908
Year Renovated: 2014
Roof Type: Flat
Parking Description: Street parking is available. Property adjacent to 5 level pay to park garage.
Passenger Elevators: 2
Heat Source: Central
Zoning Description: C-5 zoning allows for a multitude of uses including office, retail, or mixed use.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,591 75,162 168,103
Median Age: 35.86 32.99 32.84
Households: 3,282 29,034 66,907

Contact

Photograph of Listing Agent

George Bonvillain, Jr

Elifin Realty Baton Rouge, LA 70801
LACDB Member
Photograph of Listing Agent

Mathew J Laborde

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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