Property summary
This 4-story, 17,341 square foot mixed-use building is located at 244 Lafayette Street in the heart of downtown Baton Rouge, Louisiana. The property, zoned C5, sits on a 4,480 square foot lot with 35 feet of frontage on Lafayette Street. The building's exterior is in fair condition, while the interior is partially gutted, offering a prime redevelopment opportunity. The first floor is currently configured for restaurant use and is in average to good condition. The second, third, and fourth floors are partially gutted and in disrepair, ready for renovation. This building is connected to adjacent properties also available for purchase. 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 $1,110,000, translating to $64.01 per square foot. This is a unique opportunity to acquire a strategically located mixed-use building in a vibrant downtown area. The property offers flexible purchasing options, allowing for acquisition of this building alone or in conjunction with adjacent properties.
Property profile
VerifiedCap rate & NOI
Current use
-
Hardware & Home Improvement HVAC Service
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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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