Downtown Parking Lot (Building + Parking Lots)

Vacant Land for Sale
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30738107
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Other
Gross Land Area: 0.18 Acres
Sale Price: $600,750
Unit Price: $3,337,500 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2021

Overview / Comments

This parking lot is ±8,010 SF in size and holds approximately 28 parking spaces. It sits at the hard corner of Laurel St and N 5th St.

This lot is intended to be sold as part of a downtown portfolio including a four-story office building (±30,720 SF) at 525 Florida Blvd and a parking lot adjacent to 525 Florida Blvd (±8,010 SF with ±28 spaces).

Portfolio Offering Summary:
- 525 Florida St. (Office building)
- Parking Lot (hard corner of Florida St. and N. 5th)
- Parking Lot (hard corner of Laurel St. and N. 5th)
- All property zoned C-5 and located in Opportunity Zone

Financials and rent roll available upon request.

Rivermark Centre (Formerly Chase North & South Towers) sit across N 5th St/Laurel St from the subject property and is undergoing an extensive, multi-million dollar renovation. This renovation is one of the largest downtown projects in recent years.

Click "Property Flyer" below to view more details.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 50
Tax ID/APN: 000-1454-0
Zoning: C5
Property Located Between: Laurel St. and Main St.
Property Visibility: Excellent
Highway Access: Convenient access to I-10.
Area Description: Located centrally in Downtown Baton Rouge. Surrounded by other high density office buildings, multi-family residential and retail.
Zoning Description: C-5
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,075 77,177 171,444
Median Age: 33.72 32.94 32.88
Households: 3,023 29,723 68,526

Contact

Photograph of Listing Agent

George Bonvillain, Jr

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

Will Chadwick

Elifin Realty
Baton Rouge, LA
LACDB Member
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