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    618 Main St Baton Rouge, LA 70801

    Sponsored
    For Sale
    $3,294,080

    Historic Main Street office, ample parking.

    Property size:
    16,492 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Class A, 16,492 square foot executive office building at 618 Main Street in Baton Rouge, Louisiana, is available for sale at $3,294,080. Built in 1975, the property boasts a prime location in the heart of downtown, just four blocks from the Louisiana State Capitol. Currently, three tenants occupy the building, with the seller leasing back approximately 8,087 square feet, leaving approximately 7,226 square feet available for lease. A significant advantage is the inclusion of a private, off-street parking lot encompassing approximately 8,192 square feet – a rare find in this area. The building is anchored by the Palmintier Law Group, a well-established Louisiana law firm. This presents a unique opportunity for an owner-occupant to leverage existing income to offset expenses or for an investor to capitalize on the property's features and achieve full occupancy. Detailed financial information, including rent roll, income, and expense data, is available upon request. The property's address is 618 Main St, Baton Rouge, LA 70801.

    Property Features for 618 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,492 SF
    Class
    A

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    My Doctor's House Medical Office MGA Crisis Intervention Addiction Treatment Center Palmintier Law Group ... Law Firm Capello Group Architect Joshua M. Palmintier Personal Injury Attorney

    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
    -91.1843174
    Latitude
    30.4512525

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Main Street office, ample parking.
    Where is this office property / space located?
    The property is located at 618 Main St Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $3,294,080.
    (800) 895-9329
    Request Owner's contact information
    618 Main St Baton Rouge, LA 70801
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    Baton Rouge, LA 70801
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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
    618 Main St Baton Rouge, LA 70801
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