First Sky-Scraper in Baton Rouge - Price Reduced!

Office for Sale
Catylist Listing ID: 30607413
Property Subtypes: Executive Suites, Governmental, Institutional, Mixed Use, Office Building, Other
Building Size (RSF): 36,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $6,995,000
Unit Price: $194.31 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Roumain Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2022

Overview / Comments

Classic Office Building on National Register of Historic Places - Price Reduced!
- First "Sky Scraper" in Baton Rouge
- Neo-Classical Architectural Style, Architect Favrot + Livaudais - New Orleans, LA
- Steel/Concrete Structure w/ Brick Facade (Applied Masonry)
- Facade tax credits have not been used. (Could be 10-15% of market value).
- New Roof & New A/C
- Two (2) Elevators Under Maintenance Contract
- Approximately 36,000 SF
- Former Governor's Huey Long and Earl Long had Offices in the Building
- Ideal for High End Executive Offices or New Residential Development

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 50
Taxing Authority: East Baton Rouge Parish
Tax ID/APN: 001-7637-0
Property Located Between: Laurel St. & Florida St.
Property Visibility: Excellent
Highway Access: Easy Access to I-110
Airports: BTR
Number of Stories: 6
Year Built: 1913
Exterior Description: National Historic Commercial Building constructed of Steel &Concrete with Brick & Applied Masonry in Neo-Classical Architectural Style
Passenger Elevators: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,953 73,440 166,620
Median Age: 36.21 33.03 32.77
Households: 2,636 28,453 66,191

Contact

Photograph of Listing Agent

Jimmy B Allen

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