525 Florida St Baton Rouge, LA 70801

Property Details for 525 Florida St

Property size

30,962 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

14540

APU

14540

Description

This exceptional investment opportunity presents a 30,000 square foot, four-story Class B office building located in the heart of downtown Baton Rouge, Louisiana. The property, situated at 525 Florida St, boasts a prime location on a major east-west thoroughfare, just five blocks from the Mississippi River and near I-110. Currently 75% occupied by long-term tenants, this multi-tenant building offers flexible floor plans suitable for a variety of uses, including office, retail, or a combination thereof. The asking price is $4,515,150, representing a compelling 8.50% cap rate and a price per square foot of $150.50. The building features 58 parking spaces, including two separate lots, providing ample parking for tenants and visitors. Renovated in 2009, the property sits on a 24,394 square foot lot and is zoned C-5, offering considerable flexibility for future development. Its proximity to the Rivermark Centre Tower, a recently renovated multi-million dollar project, further enhances its desirability. This unique opportunity is ideal for owner-occupants, investors seeking a strong return, or developers considering a potential condo conversion. The expansive rooftop offers stunning views, adding to the property's overall appeal. The APN is 000-1454-0. This is a rare chance to acquire a premier downtown Baton Rouge property with significant upside potential.

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Longitude

-91.1855

Latitude

30.4497

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments