Catylist ID:
#30781598
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 |
Attachments & Media
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 |
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
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