Central Business District Office
842 & 846 Main St, Baton Rouge, LA 70802
For Sale
$650,000
For-sale office space totaling 4,015 SF in the central business district on Main Street.
Property Size4,015 SF
Price / SF$161.89
Days on Market143
Property Features for 842 & 846 Main St
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Jack Herrington, CCIM · License LA SALE.0995693154-ACT
(610) 563-9046
Source:
Sauragerotenberg
Added: Jun 24
Changed: Nov 3
Last Checked: Nov 12 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Saurage Rotenberg Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes 4,015 SF of office space for sale, positioned within the central business district. The property is presented as a dedicated office asset, suitable for organizations seeking a downtown-style location and an established commercial setting at 842 & 846 Main St.
The space is described in the CBD on Main St, placing it in a retail and office corridor environment where tenants and visitors often expect to find professional services. The address format indicates the office is associated with two street-front parcels, which can be helpful for operators evaluating access and entry planning.
For prospective buyers, this is a straightforward opportunity to acquire a mid-sized office property centered on an in-town Main Street address. It may fit professional firms, small to mid-size service businesses, or other office users looking to secure a dedicated footprint within the central business district. As presented, the transaction is for sale, offering a clear path for buyers who want an office configuration rather than a larger mixed-use redevelopment concept. Buyers are encouraged to review the details of the existing improvements and layout during due diligence to confirm fit for their intended occupancy and operations.
The space is described in the CBD on Main St, placing it in a retail and office corridor environment where tenants and visitors often expect to find professional services. The address format indicates the office is associated with two street-front parcels, which can be helpful for operators evaluating access and entry planning.
For prospective buyers, this is a straightforward opportunity to acquire a mid-sized office property centered on an in-town Main Street address. It may fit professional firms, small to mid-size service businesses, or other office users looking to secure a dedicated footprint within the central business district. As presented, the transaction is for sale, offering a clear path for buyers who want an office configuration rather than a larger mixed-use redevelopment concept. Buyers are encouraged to review the details of the existing improvements and layout during due diligence to confirm fit for their intended occupancy and operations.
Key Highlights
- 4,015 SF office space for sale
- Located in the CBD on Main St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,402
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,040
$768.0K
Cap Rate 7%
$548,600
$548.6K
Cap Rate 9%
$426,689
$426.7K
Market Conditions
NOI Build-Up for 4,015 SF
Gross rent
$52.5K $13.08/SF
− Vacancy
−$1.3K −$0.33/SF
EGI
$51.2K $12.75/SF
− OpEx
−$12.8K −$3.19/SF
NOI
$38.4K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,040
Cap Rate 7%
$548,600
Cap Rate 9%
$426,689
Alternative Uses
Best Use
Office B
$548.6K
$480.0K – $640.0K
NOI $38,402 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$961.6K
$841.4K – $1.12M
NOI $67,309 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Baton Rouge, LA
Properties on Market for Office Units in Baton Rouge
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - For-sale office space totaling 4,015 SF in the central business district on Main Street.
Where is this office unit located?
The property is located at 842 & 846 Main St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,015 SF office space for sale; Located in the CBD on Main St.
