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: 7/5/2022

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 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

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
- 0.33 Miles from I-110 & Downtown

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

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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

Photograph of Listing Agent

Cole Brewton

Elifin Realty Baton Rouge, LA 70801
LACDB Member
Photograph of Listing Agent

Mathew J Laborde

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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