Property summary
This 30,484 square foot, three-story Class B office building is located at 224 Florida Street in downtown Baton Rouge, Louisiana, 70801. The property sits on a 10,645 square foot lot with 67 feet of frontage on Florida Street. Currently multi-tenant, the building is partially gutted and ready for redevelopment. The exterior is in average condition, while the interior is in poor condition due to being partially gutted. Overall, the improvements are considered to be in fair condition. The building is connected to adjacent buildings at 263 Third Street and 244 Lafayette Street, which are also available for purchase (separate listings). A two-story connector links this building to 263 Third Street. This property is zoned C5 and offers flexible purchasing options, including the possibility of purchasing it with four other adjacent properties. The location is two blocks from the Mississippi River and five blocks from the State Capitol, surrounded by offices, restaurants, and historic sites. The asking price is $1,768,000 ($58/sq ft).
Property profile
VerifiedCap rate & NOI
Current use
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Radio Station Telecommunications Service
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Social Service Agency Charitable Organization
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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