4950 Government StBaton Rouge, LA 70806

Property Details for 4950 Government St

Year built

1999

Property size (Sq ft)

3,360 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1241710

APU

1241710

Description

This exceptional 4,000 square foot standalone commercial property, located at 4950 Government Street in Baton Rouge, Louisiana, presents a unique investment opportunity. The building, a brick and CMU structure with metal trusses, sits on a 0.37-acre lot and benefits from ample parking on both the north and south sides, allowing for convenient access and 360-degree circulation. Currently zoned C1, this versatile property offers a multitude of potential uses, making it ideal for a variety of businesses. Its strategic location at the intersection of Government Street and South Foster Drive ensures high visibility and accessibility. The building is situated in Flood Zone X, eliminating flood insurance concerns. Previously occupied by Fred Frey Photography, the space is adaptable to a single tenant or can be easily divided into individual suites to accommodate multiple occupants. The asking price is $650,000, translating to $162.50 per square foot. This represents a compelling opportunity to acquire a well-located, versatile commercial property in a thriving Baton Rouge neighborhood. The property's size, zoning, and parking make it a highly desirable asset for both owner-occupiers and investors.

• CAP approach

  CAP return

  Valuation

  6%

  $569,930

  6.5%

  $526,089

  7%

  $488,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $397,271

  Geo Method

  $1,559,223

• Alternative Use

  Use

  Valuation

  Residential

  $526,089

  Hospitality

  $481,895

  Educational

  $400,931

  Medical

  $414,720

  Retail

  $623,671

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4438

Longitude

-91.1388

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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