For Sale
For Sale
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Year Built
1920
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Total Building Size
29,056 RSF
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Overview
Located at the signalized hard corner of Main St and N 7th St in Downtown Baton Rouge. 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.
For Lease
654 Main St
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Divisible to
9,685 sq. ft.
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Time on Market
almost 4 years
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Space ID
1864454
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Presented By
Elifin RealtyMathew J Laborde
Property Details
Main Street Office Building in Opportunity Zone
Located at the signalized hard corner of Main St and N 7th St in Downtown Baton Rouge. 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.
- Property TypeOffice
- Submarket
- Year Built1920
- Sale Price$1,790,000
- Total Building Size29,056RSF
- Total Acres0.25
- Total Available29,056RSF
- Number of Floors3
- Largest Contiguous29,056RSF
- Number of Buildings1
- Building ClassB
- ZoningC-5
- Sale StatusAvailable
- Property ID1318622