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    OFF-MARKET
    Warehouses

    1400 Main St, Baton Rouge, LA 70802

    42,315 SF 1.14 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Capital Area Corporate Recycling Council Recycling Center Waste Management Facility
    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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