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Office Building with Off-Street Parking

854 Main St, Baton Rouge, LA 70802

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For Sale

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Office building with convenient access to downtown Baton Rouge.

Type:Office

Property size:

4,032 SF

Price / SF:

$161/SF

HighLights

Convenient location at the corner of Main Street and 9th Street with excellent access to Downtown Baton Rouge, the Capitol, and Courthouses.
Off‑street parking available.
Opportunity for owner‑occupancy or investment due to 50% current lease status.
Available suite includes 8 offices, reception area, and IT/printer/file storage rooms.
Shared restrooms and breakroom included.
One tenant relocating soon, creating additional vacancy/opportunity.

We can help!

Listing Contact

Jack Herrington, CCIM

Learn more

For Sale

Contact for pricing

Office building with convenient access to downtown Baton Rouge.

Type:Office

Property size:

4,032 SF

Price / SF:

$161/SF

Added:: Jun 27, 2023
Days on Market:: 1089
Last Refresh:: May 12 at 8:08 pm

Property Features for 854 Main St

General Information

Standard status: Active
Size: 4,032 SF
Property subtype: Office

We can help!

Listing Contact

Jack Herrington, CCIM

Listing agent Jack Herrington, CCIM License #LA SALE.0995693154-ACT

Listing office Saurage Rotenberg Commercial Real Estate

Listing date Jun 27, 2023

Source Crexi

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

HighLights

Convenient location at the corner of Main Street and 9th Street with excellent access to Downtown Baton Rouge, the Capitol, and Courthouses.
Off‑street parking available.
Opportunity for owner‑occupancy or investment due to 50% current lease status.
Available suite includes 8 offices, reception area, and IT/printer/file storage rooms.
Shared restrooms and breakroom included.
One tenant relocating soon, creating additional vacancy/opportunity.

Overview

This office building is located at the corner of Main Street and 9th Street and features off-street parking. It offers convenient access to downtown Baton Rouge, placing it near the Capitol and courthouses. The building is currently 50% leased, with one tenant relocating soon. A suite will soon be available that includes 8 offices, a reception area, IT/printers/file storage rooms, and shared restrooms and breakroom. The property has a size of 4032 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$52.7k	$13.08
− Vacancy	−$1.3k	−$0.33
EGI	$51.4k	$12.75
− OpEx	−$12.9k	−$3.19
NOI	$38.6k	$9.56

4,032 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$550.9K

$482.1K – $642.8K (±1% cap)

NOI $38,565 @ 7.0% cap · market cap 5.93%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$965.6K

$844.9K – $1.13M (±1% cap)

NOI $67,594 @ 7.0% cap · market cap 10.40%

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

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Baton Rouge
County: East Baton Rouge
State: Louisiana
Longitude: -91.1811419
Latitude: 30.4514884

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For sale
Office buildings
LA
Baton Rouge
70802
854 Main St

What type of property is this?

Office building - Office building with convenient access to downtown Baton Rouge.

Where is this office building located?

The property is located at 854 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: Convenient location at the corner of Main Street and 9th Street with excellent access to Downtown Baton Rouge, the Capitol, and Courthouses.; Off‑street parking available.; Opportunity for owner‑occupancy or investment due to 50% current lease status.