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    1400 Main St Baton Rouge, LA 70802

    Sponsored
    For Sale
    $1,359,000

    Multi-tenant office/warehouse, high ROI.

    Property size:
    42,315 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 42,315 square foot multi-tenant property at 1400 Main Street, Baton Rouge, LA 70802, presents a compelling investment opportunity for owner-users and investors alike. The property, a historic 104-year-old warehouse, seamlessly blends classic industrial charm with robust construction. Currently 76% occupied, it generates consistent rental income from multiple tenants, including the Capital Area Corporate Recycling Council. The vacant space offers significant potential for increased revenue. This versatile property is ideally suited for industrial, manufacturing, or distribution uses, offering ample space for a variety of businesses. Located in the downtown development district and within 0.33 miles of I-110 and the city center, this prime location offers excellent accessibility. The property sits on a 1.14-acre lot and features two stories within a single building. Significant improvements, including a $125,000 roof replacement, were completed in 2006. The property is zoned M-1 (Light Industrial) and boasts an asking price of $1,359,000, translating to $32.12 per square foot. The property's APN numbers are 34932, 34940, 34959, 35009, 34991, 34975, 34983, and 34967. This is an opportunity zone designation property.

    Property Features for 1400 Main St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    42,315 SF
    Lot Size
    49,658 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Opportunity Zone Qualified Property
    • Located in the Downtown Development District
    • Historic 104‑Year‑Old Warehouse Building
    • $125,000 in Roof & Building Improvements (2006)
    • 0.33 Miles to I‑110 & Downtown
    Property Profile Location Intelligence

    Current Use by Public Records

    Capital Area Corporate ... Recycling Center

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1745248
    Latitude
    30.4512956

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    FAQs

    What type of property is this?
    Manufacturing property - Multi-tenant office/warehouse, high ROI.
    Where is this manufacturing property located?
    The property is located at 1400 Main St Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,359,000.
    What are key features of this property?
    This property features: Opportunity Zone Qualified Property; Located in the Downtown Development District; Historic 104-Year-Old Warehouse Building
    Request Owner's contact information
    1400 Main St Baton Rouge, LA 70802
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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
    1400 Main St Baton Rouge, LA 70802
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