Property profile

244 Lafayette St Baton Rouge, LA 70801

OFF-MARKET
Investment properties
Property ID
US36-1199628
12,900 SF 1 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Total area 12,900 SF
Lot 1 ac (43,560 SF)
APN 2222094
UPID US36-1199628

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement HVAC Service

Location

244 Lafayette St Baton Rouge, LA 70801-1204
Baton Rouge metro Census 5100 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2021
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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