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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

431 3Rd St Baton Rouge, LA 70802

2,034 SF 0.05 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,034 SF
Lot 0.05 ac (2,178 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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