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    232 3Rd St Baton Rouge, LA 70802

    Sponsored
    For Sale
    $3,200,000

    Prime 3rd Street, Multi-Tenant Office & Residential

    Property size:
    15,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A mixed-use building, located at 232 N 3rd St in Baton Rouge, Louisiana, presents a lucrative investment opportunity. The property boasts a total of 15,100 square feet and is offered at $3,200,000, translating to $230.13 per square foot. The building features a modified lease type and multi-tenancy structure. The first and second floors are currently leased to office tenants, providing immediate cash flow. Adding to its appeal, the third floor comprises four high-end residential units, each offering stunning views of downtown Baton Rouge and the Mississippi River. This prime 3rd Street location ensures high visibility and accessibility. The property's APN is 026-1613-0, and its zip code is 70802. This unique blend of office and residential spaces makes it an ideal investment for those seeking diversified income streams and strong potential for appreciation in the vibrant Baton Rouge market. The building's executive and traditional office spaces cater to a wide range of tenants, while the upscale residential units attract a discerning clientele. This is a rare opportunity to acquire a well-positioned, high-quality mixed-use property in a desirable location.

    Property Features for 232 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,100 SF
    Class
    A

    HighLights

    • $3,200,000 asking price for a Class A mixed‑use building.
    • 15,100 square feet, with a price per square foot of $230.13.
    • Located at 232 N 3rd St, Baton Rouge, LA 70802 (APN 026‑1613‑0).
    • Mixed‑use property with executive and traditional office space.
    • Modified lease type, multi‑tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Same Day Dumpster ... Waste Management Service Tyler Technologies Software Company Bonton Associates Civil Engineer Louisiana Interactive Llc Website Designer

    Suggested Use

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

    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
    -91.188708
    Latitude
    30.4483779

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 3rd Street, Multi-Tenant Office & Residential
    Where is this office property / space located?
    The property is located at 232 3Rd St Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: $3,200,000 asking price for a Class A mixed-use building.; 15,100 square feet, with a price per square foot of $230.13.; Located at 232 N 3rd St, Baton Rouge, LA 70802 (APN 026-1613-0).
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    Baton Rouge, LA 70802
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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
    232 3Rd St Baton Rouge, LA 70802
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