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|
|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|
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
|Nearest MSA:||Baton Rouge|
|County:||East Baton Rouge|
|Zoning:||M-1 / LIGHT INDUSTRIAL|
|Area Description:||Located between Main and Laurel St, bordered by 14th St.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Proximity:||1 mile||3 miles||5 miles|
Cole BrewtonElifin Realty Baton Rouge, LA 70801
Mathew J Laborde SIOR CCIMElifin Realty Baton Rouge, LA 70801
|© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.|