Mid-City Redevelopment
2008 & 1952 North St. Baton Rouge, LA 70802
2008 & 1952 North St., Baton Rouge, LA, 70802
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For Sale
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Historic buildings on 1.87 acres in Baton Rouge's Mid-City.
Property Size6,800 SF
Lot Size1.87 Acres
Price / SF$157.48
Days on Market2096
Property Features for 2008 & 1952 North St.
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Lot size
- 1.87 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1880
Listing Agency
Saurage Rotenberg Commercial Real Estate
Listed by
Carmen Austin, MBA, CCIM, SIOR · License #LA BROK.0912122713-ASA
Source
Crexi
Added: Oct 21, 2020 Checked: Jul 16 at 4:25 am
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
Investment Insights
Based on property information with market context.
This Mid-City redevelopment opportunity is located in a government-designated Opportunity Zone. The property, consisting of approximately 1.87 acres, is situated on seven city lots zoned C-2 and CAB-2 in Flood Zone X. It features frontage and access via Main St., North St., and Scenic Hwy. The site includes two commercial buildings: a historic bar building of approximately 2,800 SF with a mezzanine, antique tin ceiling tiles, solid brick construction, a sliding/rollup door, and a hood vent, and a functioning approximately 4,000 SF industrial warehouse building with a secured yard and a one-bedroom second-story loft. The bar building, known as Chris's Bar, was established in the 1880s and is known as "Home of the Fishbowl". The property includes a hard corner commercially zoned lot totaling 120' x 240' with 240' of frontage along Scenic Hwy and 120' of frontage along Main St. The property is surrounded by landscaped green space with tropical vegetation, mature foliage, palm trees, and greenery. Located in the heart of Baton Rouge's Mid-City, it offers easy access to Downtown, I-10 and I-110, historic Spanish Town, the Garden District, Sacred Heart Catholic Church campus, and Magnolia Cemetery. The CAB-2 zoning allows the historic building to operate as a bar. The property is suitable for many uses and poised for redevelopment. Several adjoining and surrounding properties in this quickly transitioning and gentrifying district are additionally available as well to provide even more opportunities for expansions and projects.
Key Highlights
- Large 1.87‑acre site in a government‑designated Opportunity Zone, ideal for redevelopment.
- Prime Mid‑City location with easy access to Downtown, I‑10, I‑110, and other key areas.
- Zoned C‑2 and CAB‑2, allowing for a wide range of commercial uses.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.1k | $9.72 |
| − Vacancy | −$1.3k | −$0.19 |
| EGI | $64.8k | $9.53 |
| − OpEx | −$9.7k | −$1.43 |
| NOI | $55.1k | $8.10 |
6,800 SF · lease $9.72/SF/yr · vacancy 1.99% · expense 15.00%
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.42M – $1.90M
NOI $113,998 @ 7.0% cap · market cap 10.65%
Second Best
Retail
$1.52M
$1.33M – $1.77M
NOI $106,398 @ 7.0% cap · market cap 9.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Historic buildings on 1.87 acres in Baton Rouge's Mid-City.
Where is this retail property located?
The property is located at 2008 & 1952 North St. Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,070,880.
What are key features of this property?
This property features: Large 1.87‑acre site in a government‑designated Opportunity Zone, ideal for redevelopment.; Prime Mid‑City location with easy access to Downtown, I‑10, I‑110, and other key areas.; Zoned C‑2 and CAB‑2, allowing for a wide range of commercial uses.
