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525 Florida St Baton Rouge, LA 70801

Sponsored
For Sale
$4,515,150

Prime location, high cap rate, multi-tenant office.

Property size:
30,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 30,000 square foot, four-story Class B office building located in the heart of downtown Baton Rouge, Louisiana. The property, situated at 525 Florida St, boasts a prime location on a major east-west thoroughfare, just five blocks from the Mississippi River and near I-110. Currently 75% occupied by long-term tenants, this multi-tenant building offers flexible floor plans suitable for a variety of uses, including office, retail, or a combination thereof. The asking price is $4,515,150, representing a compelling 8.50% cap rate and a price per square foot of $150.50. The building features 58 parking spaces, including two separate lots, providing ample parking for tenants and visitors. Renovated in 2009, the property sits on a 24,394 square foot lot and is zoned C-5, offering considerable flexibility for future development. Its proximity to the Rivermark Centre Tower, a recently renovated multi-million dollar project, further enhances its desirability. This unique opportunity is ideal for owner-occupants, investors seeking a strong return, or developers considering a potential condo conversion. The expansive rooftop offers stunning views, adding to the property's overall appeal. The APN is 000-1454-0. This is a rare chance to acquire a premier downtown Baton Rouge property with significant upside potential.

Property Features for 525 Florida St

General Information

Property type
Office space
Square Feet
30,000 SF
Class
B

Building Details

Year Renovated
2009
Buildings
1
Stories
4

HighLights

  • $4,515,150 asking price for a 30,000 square foot office building in downtown Baton Rouge, LA.
  • Net lease investment opportunity with an 8.50% cap rate and 75% occupancy.
  • Class B, four‑story building with 58 parking spaces across two lots, renovated in 2009.
  • Located at 525 Florida St, Baton Rouge, LA 70801, with C‑5 zoning.
  • Multi‑tenant building with executive and creative office space, and retail/office options.
Property Profile Location Intelligence

Current Use by Public Records

FedEx Office Print ... Shipping And Mailing Service Baton Rouge Capital ... Attorney Baton Rouge Concreters Concrete Contractor ADR Data Recovery ... Data Recovery Service Rush My Passport Visa And Passport Office

Suggested Use

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

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
-91.1854378
Latitude
30.44935577

FAQs

What type of property is this?
Office space - Prime location, high cap rate, multi-tenant office.
Where is this office space located?
The property is located at 525 Florida St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $4,515,150.
What are key features of this property?
This property features: $4,515,150 asking price for a 30,000 square foot office building in downtown Baton Rouge, LA.; Net lease investment opportunity with an 8.50% cap rate and 75% occupancy.; Class B, four-story building with 58 parking spaces across two lots, renovated in 2009.
More about this property
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