842 Main St Baton Rouge, LA 70802
- Investment properties
- 7,800 SF
- 1.00 lot acres
Current Use by Public Records
- MVP Sport Art Inc / Trophy Shop
- Doran & Cawthorne, P.L.L.C / Law Firm / Attorney
- Pentagon Petroleum Inc / Gas Company
Property Details for 842 Main St
- Lot size
- 1.00 lot acres
- Property size
- 7,800 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 154822
- APU
- 154822
Description
This exceptional 4,015 square foot office space, located in Baton Rouge's Central Business District at 842 and 846 Main Street, presents a unique owner-user opportunity. Recently renovated in 2022, this Class C building boasts a desirable location, just one block from the interstate and within walking distance of the Federal Courthouse, numerous restaurants, and the Government Complex. The property features two units, totaling 4,015 square feet, with on-site parking accessible from both the front and rear. The main building, 846 Main Street (1,984 SF), offers four private offices, two restrooms, a large bullpen area, a glass conference room, and a break room. Currently, one unit is leased until December 31, 2025, providing immediate income potential for an owner-occupant. This property is ideally suited for legal, government service, or non-profit organizations seeking a prominent downtown location. The property is zoned C-2 and includes one story in a single building constructed in 1980. An adjacent building, offering an additional 4,032 square feet, is also available for sale or lease. The asking price is $650,000, translating to $161.89 per square foot. This is a rare chance to acquire a well-situated, income-producing property in a thriving downtown area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $545,000
- 6.5%
- $560,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $590,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $470,000
- Mixed-Use
- $580,000
- Hospitality
- $605,000
- Educational
- $450,000
- Residential Income
- $515,000
- Energy
- $580,000
- Income-Based Land
- $535,000
- Food Service
- $595,000
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.1814
- Latitude
- 30.4514
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA