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: 4/16/2024

Overview / Comments

Now available for sale, 618 Main Street is a historic office building located in the heart of Downtown Baton Rouge. Three tenants occupy space in the building and the current owner will lease back an additional ±8,087 RSF at sale, leaving ±5,226 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.

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Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Fabian Edwards

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

Will Chadwick

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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