Description
This redevelopment opportunity consists of a vacant, three story office building totaling ±29,056 SF. Strategically positioned in Downtown Baton Rouge, 1,000 feet from I-110, the property provides an opportunity to acquire a commercial asset at a significant discount with tremendous value add opportunities. Stabilizing and/or redeveloping the property will allow the new owner to enjoy an increased cash-flow stream and significant capital appreciation upon future disposition.
The Building at 654 Main Street has two elevators and the first 2 floors are currently in shell condition and ready for redevelopment, with the 3rd floor ready for immediate occupancy. The Property features frontage on Main St and N 7th St offering prime signage opportunities. This Building and its tenants benefit from 32 dedicated parking spaces with additional surface parking is available at the corner of Main St and N 8th St.
The property is part of the Main Street Historic District which is the largest cohesive grouping of historic buildings remaining in the city, and is also located in a Federal Opportunity Zone and would be able to take advantage of the New Markets Tax Credit.
The adjacent property at the hard corner of Main St and N 7th St is also available. 668 Main Street, listed separately.
Highlights
Three-story office building (±29,056 SF)
32 Dedicated Parking Spaces
Part of the Main Street Historic District
Located in Opportunity Zone
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