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    4950 Government St Baton Rouge, LA 70806

    Sponsored
    For Sale
    $650,000

    4,000 SF Standalone Building, $650K

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000 square foot standalone commercial property, located at 4950 Government Street in Baton Rouge, Louisiana, presents a unique investment opportunity. The building, a brick and CMU structure with metal trusses, sits on a 0.37-acre lot and benefits from ample parking on both the north and south sides, allowing for convenient access and 360-degree circulation. Currently zoned C1, this versatile property offers a multitude of potential uses, making it ideal for a variety of businesses. Its strategic location at the intersection of Government Street and South Foster Drive ensures high visibility and accessibility. The building is situated in Flood Zone X, eliminating flood insurance concerns. Previously occupied by Fred Frey Photography, the space is adaptable to a single tenant or can be easily divided into individual suites to accommodate multiple occupants. The asking price is $650,000, translating to $162.50 per square foot. This represents a compelling opportunity to acquire a well-located, versatile commercial property in a thriving Baton Rouge neighborhood. The property's size, zoning, and parking make it a highly desirable asset for both owner-occupiers and investors.

    Property Features for 4950 Government St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF

    Building Details

    Buildings
    1

    HighLights

    • Brick/CMU building with metal trusses at Government St. and S. Foster.
    • Versatile zoning allows for multiple uses.
    • C1 zoning.
    • Ample parking on both north and south sides.
    • 0.37‑acre site, outside the flood plain (Flood Zone X).
    • Excellent 360‑degree access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sarkos Jewelry Jeweler Fred C Frey ... Portrait Studio

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.138613641963
    Latitude
    30.443893954979

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    FAQs

    What type of property is this?
    Individual retail property - 4,000 SF Standalone Building, $650K
    Where is this individual retail property located?
    The property is located at 4950 Government 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: Brick/CMU building with metal trusses at Government St. and S. Foster.; Versatile zoning allows for multiple uses.; C1 zoning.
    Request Owner's contact information
    4950 Government St Baton Rouge, LA 70806
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    Baton Rouge, LA 70806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4950 Government St Baton Rouge, LA 70806
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