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: $1,625,000
Unit Price: $38.40 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2021

Overview / Comments

This beautiful building is an impressive 101-years-old and combines a classic industrial feel with a time-tested construction.

This multi-tenant office/warehouse presents a great opportunity for redevelopment in Mid-City while earning rental income in the meantime. Current tenants include Capital Area Corporate Recycling Council and Benchworks, LLC, a millworks shop.

- Opportunity Zone Designation
- Located in the Downtown Development District
- Historic, 101-year-old Warehouse
- Fully Leased
-$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

View FullscreenMap

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

Mathew J Laborde

Elifin Realty Baton Rouge, LA 70801
LACDB Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.