Court Street

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30868981
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 19,000 SF
Gross Building Area: See Agent
Sale Price: $2,250,000
Unit Price: $118.42 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/8/2024

Overview / Comments

This is a unique investment opportunity. The property consists of 2753/2757/2763 Court Street. Included in this sale is a free standing restaurant, retail strip center and an 8 unit multifamily complex. The growth in the area around this property is evident by the multiple hotels, commercial businesses and the large residential subdivision all within 1 mile of the property. Current annual income on the property is ~$111,000 with a potential of $205,000+.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: West Baton Rouge
Submarket/Township: 70
Tax ID/APN: 304510001700
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Visibility: Good
Largest Nearby Street: Hwy. 415
Site Description: 1.80 acres
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Construction/Siding: Brick
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,685 14,610 73,223
Median Age: 32.01 35.83 30.12
Households: 651 5,510 28,860

Contact

Photograph of Listing Agent

Brad Downs

RE/MAX Professional Baton Rouge, LA 70809
LACDB Member
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