Mid City Live/Work
545 S Foster Dr Baton Rouge, LA 70806
545 S Foster Dr, Baton Rouge, LA, 70806
Contact for pricing
For Sale
Contact for pricing
Pending
Two-story retail/commercial building with modern remodeled residence.
Property Size3,857 SF
Days on Market1122
Property Features for 545 S Foster Dr
General Information
- Standard status
- Pending
- Size
- 3,857 SF
- Property subtype
- Retail
Listing Agency
Saurage Rotenberg Commercial Real Estate
Listed by
Matthew Shirley, CCIM · License #LA SALE.0995682439-ACT
Source
Crexi
Added: Jun 23, 2023 Checked: Jul 17 at 5:32 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 two-story retail/commercial building offers a live/work opportunity in Mid City. The property includes a 1,782 square foot space plus first and second story porches. The residence features a modern remodel with 2 bedrooms and 2 bathrooms, including a massive master suite. The open floor plan is enhanced with top-end finishes. Additional features include front and rear porches, and parking in the rear. The property is zoned primarily C1, but is 'spot zoned' C-AB-1 for the two-story retail/commercial building. The owner intends to relocate the business upon sale.
Key Highlights
- True live/work opportunity in Mid City
- 2 story retail/commercial building with C‑AB‑1 zoning
- 1,782 sqft plus 1st and 2nd story porches
Local Financial Insights For Office B
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 | $50.4k | $13.08 |
| − Vacancy | −$1.3k | −$0.33 |
| EGI | $49.2k | $12.75 |
| − OpEx | −$12.3k | −$3.19 |
| NOI | $36.9k | $9.56 |
3,857 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$527.0K
$461.1K – $614.9K
NOI $36,891 @ 7.0% cap · market cap 4.22%
Second Best
Mixed Use
$515.7K
$451.3K – $601.7K
NOI $36,102 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$923.7K
$808.3K – $1.08M
NOI $64,660 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Abat Jour Interiors ...
Interior Design
Abat Jour
Interior Design
Chandeliers and Minivans
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-story retail/commercial building with modern remodeled residence.
Where is this live-work space located?
The property is located at 545 S Foster Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: True live/work opportunity in Mid City; 2 story retail/commercial building with C‑AB‑1 zoning; 1,782 sqft plus 1st and 2nd story porches
