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    525 Florida St Baton Rouge, LA 70801

    30,962 SF
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US36-0731600
    525 Florida St, Baton Rouge, LA 70801 For Sale 1 / 47
    $4,515,150 30,962 SF
    525 Florida St, Baton Rouge, LA 70801
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Total area 30,962 SF
    APN 14540
    UPID US36-0731600
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • FedEx Office Print & Ship Center Courier Service Postal Service
    • Baton Rouge Capital Conflict Law Firm
    • Baton Rouge Concreters Construction Company General Contractor
    • ADR Data Recovery - Baton Rouge Computer & Electronic Repair (Bike/Boat/Book/etc) Store
    • Rush My Passport Travel Agency
    5 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $677k
    Blend (final) Blend
    $990k
    Owner & transaction history
    Mooring Tax Asset Group Viii L · 21 yrs held
    Mooring Tax Asset Group Viii L
    since 2005
    7 recorded transactions
    2020
    Price N/A
    2019
    Price N/A
    2017
    Price N/A
    2016
    Price N/A
    2005
    $6,591
    1969
    Price N/A
    1969
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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