Marquee Downtown Property Available
Retail-Commercial
for Sale
| Catylist Listing ID: |
30636542 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail
|
| Building Size (RSF): |
11,583 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,450,000 |
| Unit Price: |
$211.52 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.0% |
| Last Updated: |
4/17/2024 |
Overview / Comments
|
Great opportunity to own a historical property in the heart of downtown Baton Rouge. Located on 3rd Street, in between Florida and Laurel. Surrounded by the brand new Marriott, Watermark, City Bar, Vintage BR, and Salad Station, this location is downtown's main entertainment corridor. Two story building consisting of 11,500 sq/ft of space. Squeaky's is operating on the first floor, and Trademark Catering is operating on the second floor. Both are bound by NNN leases, providing a great return for investors. Do not disturb tenants, contact agent for additional details.
|
Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
50 |
| Tax ID/APN: |
34738 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,151 |
74,246 |
167,746 |
| Median Age: |
35.38 |
33.01 |
32.75 |
| Households: |
3,063 |
28,726 |
66,575 |
|
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.
|
