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Opportunity Zone Historic Office/Warehouse in Mid City

1400 Main St Baton Rouge, LA 70802

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Overview

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

For Sale

Other
Sale Price
$1,359,000
Price Per SF
$32.1/SF
Building Size
42,315 SF
Acres
1.026 ac
Zoning
M1
Building Class
B
Max Contiguous
42,315
Number of Buildings
1
Floors
2
Construction Siding
Brick
Construction Type
Masonry
Submarket
LACDB - 51
Property Status
Existing
In Opportunity Zone
Yes
Drive-In Number
3
County
East Baton Rouge Parish
Created
2019-03-18
Updated
2024-12-10
Listing ID
f52c919f