Mid-City Redevelopment
For Sale
Contact for pricing
2008 & 1952 North St., Baton Rouge, LA 70802
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 Market2187
Property Features for 2008 & 1952 North St.
General Information
Standard status
Active
Size
6,800 SF
Lot size
1.87 Acres
Property subtype
Retail
Zoning
C-2, CAB-2
Investment Type
Owner/User
Building Details
Year Built
1880
Buildings
2
Stories
2
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Carmen Austin, MBA, CCIM, SIOR · License #LA BROK.0912122713-ASA
(225) 328-1778
Source:
Crexi
Added: Oct 21, 2020
Changed: Oct 14
Last Checked: Oct 16 at 8:23AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,064
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,280
$1.1M
Cap Rate 7%
$786,629
$786.6K
Cap Rate 9%
$611,822
$611.8K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$66.1K $9.72/SF
− Vacancy
−$1.3K −$0.19/SF
EGI
$64.8K $9.53/SF
− OpEx
−$9.7K −$1.43/SF
NOI
$55.1K $8.10/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,280
Cap Rate 7%
$786,629
Cap Rate 9%
$611,822
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,799
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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.
