Historic Office Building and Parking Lot for Sale
Office
for Sale
| Catylist Listing ID: |
30851461 |
| Property Subtypes: |
Business Park, Medical, Flex Space, Office Building, Other
|
| Building Size (RSF): |
16,492 SF
|
| Gross Land Area: |
8,192 SF
|
| Sale Price: |
$3,294,080 |
| Unit Price: |
$199.74 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/26/2023 |
Overview / Comments
Now available for sale, 618 Main Street is a historic office building located in the heart of Downtown Baton Rouge. Two tenants occupy space in the building and the current owner will lease back an additional ±6,087 RSF at sale, leaving ±8,735 RSF available. Anchored by the Palmintier Law Group, a prominent Louisiana law firm founded in 1975, this unique property fronts Main Street and sits only 4 blocks from the Louisiana State Capitol grounds. The property includes a private, off-street parking lot that measures ±8,192 SF – a true rarity for Downtown and the surrounding areas.
618 Main St presents the perfect opportunity for an owner occupant to utilize the building’s existing income to offset expenses, or for an investor to capitalize on the property’s unique features and bring it to full occupancy.
***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” below. From there, you’ll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***
|
Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
50 |
| Tax ID/APN: |
000-2742-1 |
| Zoning: |
C5 – BUSINESS |
| Property Visibility: |
Excellent |
| Airports: |
Baton Rouge Metropolitan Airport (BTR) |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Parking Type: |
Surface |
| Lot Frontage: |
64 |
| Lot Depth: |
192 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,342 |
79,099 |
171,444 |
| Median Age: |
33.99 |
33.18 |
32.88 |
| Households: |
2,693 |
30,890 |
68,526 |
|
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The information presented herein is provided as is, without warranty of any kind.
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