Catylist ID:
#30844659
REDUCED - Downtown Baton Rouge Office Building For Sale
Office
for Sale
Sale Pending
Catylist Listing ID: | 30844659 |
Property Subtypes: | Executive Suites, Coworking, Governmental, Office Building |
Status: | Pending |
Building Size (RSF): | 18,159 SF |
Gross Building Area: | See Agent |
Gross Land Area: | 0.38 Acres |
Sale Price: | $799,500 |
Unit Price: | $44.03 PSF |
In Opportunity Zone? | Yes |
Property Use Type: | Investment, Vacant/Owner-User |
Class of Space: | Class B |
Sale Terms: | Undisclosed, Cash to Seller, Owner Financing, Other |
Cap Rate: | Undisclosed |
Last Updated: | 3/25/2024 |
Overview / Comments
Located in the heart of downtown Baton Rouge, the office building at 530 Lakeland Drive presents an exciting opportunity for investors or owner-occupants. This property is just a four-minute walk from the iconic Louisiana State Capitol, placing potential owners and tenants at the center of the city's political and commercial hub. The well-maintained building spans 18,159 square feet, comprising multiple suites that can be customized to your business needs. With its versatile layout, it's an ideal fit for a range of uses, especially political users, attorneys, or state contractors looking to establish a strong presence in the area. The property has 28 private parking spots included and has had exterior and interior renovations in the last two years. In addition to offering an excellent location for your business, this property also provides a valuable investment opportunity through rental income. Potential owners can occupy part of the building while leasing out the remaining space, creating a steady revenue stream. Originally listed at $850,000, the asking price has been recently reduced to $799,500. The owner is highly motivated to sell, making this an opportune time for interested buyers to seize this rare offering in Baton Rouge's bustling downtown. |
Additional Details
Nearest MSA: | Baton Rouge |
County: | East Baton Rouge |
Submarket/Township: | 50 |
Tax ID/APN: | 001-2016-2 |
Zoning: | B1 |
Total Number of Buildings: | 1 |
Number of Stories: | 1 |
Year Renovated: | 2022 |
Parking Type: | Surface |
Parking Description: | On-site parking |
Total Parking Spaces: | 28 |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 6,020 | 71,949 | 173,852 |
Median Age: | 34.01 | 33.25 | 32.86 |
Households: | 2,545 | 27,731 | 69,405 |
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