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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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
What is the asking price for 654 Main Street in Baton Rouge?
The asking price for 654 Main Street is $1,790,000
What is the building size of this Office property in Baton Rouge, LA?
The size of the building/unit at 654 Main Street in Baton Rouge is 29,056 square feet
How much land does the Baton Rouge, LA property at 654 Main Street include?
654 Main Street in Baton Rouge includes 0.250 acres of land
What kind of Office is the propery at 654 Main Street?
The property at 654 Main Street Baton Rouge, LA 70801 is listed as a Professional Office property
What is the population within 1 mile of 654 Main Street in Baton Rouge?
The population within 1 mile of 654 Main Street Baton Rouge, LA 70801 is 6,446 people.
Who do I contact for questions about 654 Main Street?
You should contact the listing agent,
George Bonvillain, for any details regarding this commercial listing.
