Property profile

1400 Main St Baton Rouge, LA 70802

OFF-MARKET
Warehouses
42,315 SF 1.14 ac lot
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Property summary

AI-generated overview

This exceptional 42,315 square foot multi-tenant property at 1400 Main Street, Baton Rouge, LA 70802, presents a compelling investment opportunity for owner-users and investors alike. The property, a historic 104-year-old warehouse, seamlessly blends classic industrial charm with robust construction. Currently 76% occupied, it generates consistent rental income from multiple tenants, including the Capital Area Corporate Recycling Council. The vacant space offers significant potential for increased revenue. This versatile property is ideally suited for industrial, manufacturing, or distribution uses, offering ample space for a variety of businesses. Located in the downtown development district and within 0.33 miles of I-110 and the city center, this prime location offers excellent accessibility. The property sits on a 1.14-acre lot and features two stories within a single building. Significant improvements, including a $125,000 roof replacement, were completed in 2006. The property is zoned M-1 (Light Industrial) and boasts an asking price of $1,359,000, translating to $32.12 per square foot. The property's APN numbers are 34932, 34940, 34959, 35009, 34991, 34975, 34983, and 34967. This is an opportunity zone designation property.

Property profile

Verified
Property type Warehouses
Total area 42,315 SF
Lot 1.14 ac (49,658 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recycling Center Waste Management Facility

Location

1400 Main St Baton Rouge, LA 70802
Baton Rouge metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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