721 Government Street
Office
for Sale
| Catylist Listing ID: |
30656083 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
19,713 SF
|
| Gross Land Area: |
0.90 Acres
|
| Sale Price: |
$3,000,000 |
| Unit Price: |
$152.18 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Business |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/27/2023 |
Overview / Comments
|
Landmark office building in downtown Baton Rouge fronting on Government Street with on-site parking and easy access to and from the interstate. Completely renovated with interior systems and finishes by Kevin Harris Architects and Bani Carville to meet the demands of the 21 century. Building is leased to multiple tenants with additional space available for tenants or owner/occupant. Great opportunity for an owner/investor to take advantage of an architectural gem.
|
Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
51 |
| Tax ID/APN: |
001-6317-1 |
| Property Visibility: |
Excellent |
| Site Description: |
Easy access from Government Streets full service interchange with Interstate 10 featuring surface level gated parking on site. |
| Area Description: |
Vibrant portion of Beauregard Town and close to the River Center and governmental offices. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Construction/Siding: |
Brick |
| Exterior Description: |
Mixture of brick and limestone masonry finish. |
| Parking Type: |
Surface |
| Parking Description: |
Parking adjacent to the building and in a gated lot across a side street. Parking is included within the rental rate which is a feature not often found in a downtown location. Great signage visibility and near courthouses, parish, and state government offices. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,515 |
78,981 |
167,746 |
| Median Age: |
34.3 |
33.51 |
32.87 |
| Households: |
3,242 |
31,317 |
67,138 |
|
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|
