Downtown Office/Retail with 2 Parking Lots For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30852762
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Mixed Use, Net Leased, Office Building, Other
Building Size (RSF): 30,000 SF
Gross Building Area: See Agent
Gross Land Area: 24,394 SF
Sale Price: $4,515,150
Unit Price: $150.51 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/1/2024

Overview / Comments

Rare Find Downtown Office/Retail Building with 2 Parking Lots included
- Building includes (28 Parking Spaces) with Additional Parking Lot located at 5th and Laurel (30 Parking Spaces)
- 30,000 SF Office/Retail Building with long-term Tenants and some Vacancy on 2nd and 4th Floors
- Excellent Address in the heart of Downtown Baton Rouge
- Located on main East/West thoroughfare, Five Blocks from the Mississippi River, near I-110 Exit
- Across the street from Rivermark Centre Tower, a Multimillion Dollar Remodel, which consists of Office, Retail, and Residential Space
- Excellent Access and Visibility
- Flexible Floor Plans
- Unique Opportunity to Own a Premier Address/Location in the Heart of Downtown Baton Rouge
- Perfect for Schools, State and Governmental Agencies, Law firms, Financial Firms, Etc.
- Ideal for Downtown Condo Conversion, or Owner/Occupant Opportunity
- Expansive Roof Top Views

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 50
Taxing Authority: East Baton Rouge Parish
Tax ID/APN: 000-1454-0
Zoning: C-5
Property Visibility: Excellent
Airports: BTR
Total Number of Buildings: 1
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 2 Parking Lots - one adjacent to building at the corner of Florida St and 5th St. The other has 30 parking spaces and is at the corner of 5th and Laurel St.
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,788 76,198 169,815
Median Age: 33.76 32.97 32.89
Households: 3,300 29,396 67,934

Contact

Photograph of Listing Agent

Carmen R Austin MBA CCIM SIOR

Saurage Rotenberg Commercial Real Estate, LLC Baton Rouge, LA 70809
LACDB Member
Photograph of Listing Agent

Michael S Stinson

Saurage Rotenberg Commercial Real Estate, LLC Baton Rouge, LA 70809
LACDB Member
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