Catylist ID:
#30394676
Opportunity Zone Historic Office/Warehouse in Mid City
Industrial
for Sale
| Catylist Listing ID: | 30394676 |
| Property Subtypes: | Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Research & Development, Warehouse/Distribution, Other |
| Building Size (RSF): | 42,315 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,359,000 |
| Unit Price: | $32.12 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Last Updated: | 5/23/2023 |
Overview / Comments
|
An opportunity for an owner/user or investor, this beautiful building is an impressive 104- years-old and combines a classic industrial feel with time-tested construction. The historic property is located in the Downtown Development District and has Opportunity Zone Designation. The multi-tenant office/warehouse is ±76% occupied and generating rental income, presenting an opportunity for an investor to bring additional value by leasing the vacant portion. Or the versatile property could be utilized by an industrial / manufacturing / distributing user looking for space in Mid City. In 2006, $125,000 worth of renovations were invested into the property – roof replacement and other improvements made. This property is located just ±0.3 Miles from I-110 & Downtown Baton Rouge. The property is also conveniently located only ±4 minutes from I-10 access. The current tenant is Capital Area Corporate Recycling Council. • Opportunity Zone Designation • Located in the Downtown Development District • Historic, 104-year-old Warehouse • $125,000 spent on roof replacement and other improvements in 2006 |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 51 |
| Tax ID/APN: | 000-3494-0 |
| Zoning: | M-1 / LIGHT INDUSTRIAL |
| Area Description: | Located between Main and Laurel St, bordered by 14th St. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1918 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 11,796 | 84,814 | 178,297 |
| Median Age: | 35.06 | 32.78 | 33.05 |
| Households: | 4,926 | 33,627 | 72,040 |
Contact
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