1900 Main St. - Royal Furniture
Industrial
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30639442 |
| Property Subtypes: |
Free-Standing, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
|
| Building Size (RSF): |
63,790 SF
|
| Gross Building Area: |
63,970 SF |
| Gross Land Area: |
81,920 SF
|
| Sale Price: |
$1,595,000 |
| Unit Price: |
$25 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Royal Furniture |
| Usable Size (USF): |
63,970 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/26/2021 |
Overview / Comments
|
In 2018, after 71 years in business, Royal Furniture closed its doors for good giving the rapidly gentrifying Mid City real estate market a 63,970 SF property that is prime for a retrofit. This property has been added on to in several phases, with the original part of the property having been constructed somewhere around WWI. The surrounding Mid City area is anchored by Sacred Heart, has several historic cemeteries, Government St. is rapidly being redeveloped + the property has direct access to downtown & I-10. This property can be used for show room / warehouse or re-purposed for another type of retail, call center, medical, mini storage, etc.
|
Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
51 |
| Tax ID/APN: |
001-5519-5 |
| Zoning: |
C2 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,729 |
87,737 |
181,852 |
| Median Age: |
35.11 |
32.56 |
33.26 |
| Households: |
4,680 |
35,194 |
73,494 |
|
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