431 3Rd St Baton Rouge, LA 70802
This exceptional 2,034-square-foot retail space, located at 431 N 3rd St in Baton Rouge, Louisiana, presents a unique investment opportunity. Previously home to On the River Events for a decade, this property boasts a fully equipped commercial kitchen and has recently undergone significant renovations. Improvements include a completely repaired roof, new ceiling tiles where needed, sheetrock repairs, fresh paint throughout the space and kitchen floor, and new bathroom vents. The property sits on a 0.05-acre lot and is zoned C5, offering flexibility for various uses. The asking price is $549,000, translating to $269.91 per square foot. The building consists of one unit within a single building, currently vacant and ready for immediate occupancy. This prime downtown Baton Rouge location offers high visibility and accessibility, making it ideal for a thriving bar or restaurant. The seller may also consider lease options for a qualified tenant. This is a turnkey opportunity to establish a successful business in a vibrant and growing area. The property's recent upgrades minimize upfront capital expenditures, allowing for a quicker return on investment. Don't miss this chance to own a piece of downtown Baton Rouge's thriving culinary scene.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.