Office•Office Building•For Sale

Main Street Office Building With Adjacent Retail

654-668 Main St, Baton Rouge, Louisiana 70801

Sale Price Market
Zoning C-5
Bldg Type Multi-Tenant
Class B
Year Built 1930
Year Renovated 2003
Stories 3
Gross Bldg 30,656 SqFt
RBA 30,656 SqFt
Land Area .29 Acres
Market LA-Baton Rouge
Sub-Market Downtown
This property is scheduled for online auction June 22 - 24, 2020. Please see more information here: https://www.ten-x.com/commercial/listing/654-668-main-street-baton-rouge-la-70801/1000013235/ The Main Street Office Building w/ Adjacent Retail opportunity consists of a vacant, three story office building totaling ±29,056 SF and former bar/retail building totaling ±1,600 SF located at 654-668 Main Street in Baton Rouge, LA. Strategically positioned in Downtown 1,000 feet from I-110, the property provides an opportunity to acquire a commercial asset at a significant discount with tremendous value add opportunities. Stabilizing and/or redeveloping the property will allow the new owner to enjoy an increased cash-flow stream and significant capital appreciation upon future disposition. The Building at 654 Main Street has two elevators and the first 2 floors are currently in shell condition and ready for redevelopment, with the 3rd floor ready for immediate occupancy. The Property features frontage on Main St and N 7th St offering prime signage opportunities. This Building and its tenants benefit from 32 dedicated parking spaces with additional surface parking is available at the corner of Main St and N 8th St. 668 Main Street was the former Hound Dogs bar and is positioned on a primary PM route out of downtown and is poised for an exciting revamp into a restaurant, bar, or other entertainment concept. This Building will need renovation work prior to operation and shares its south and southwest walls with the office building at 654 Main Street. The property is part of the Main Street Historic District which is the largest cohesive grouping of historic buildings remaining in the city, and is also located in a Federal Opportunity Zone and would be able to take advantage of the New Markets Tax Credit. Three story office building for Sale or Lease in Downtown Baton Rouge's Main Street Historic District. Totaling just over 29,000 square feet, this property is an excellent opportunity for investors and business owners alike. The first 2 floors are currently in shell condition and ready for redevelopment, with the 3rd floor ready for immediate occupancy. The property features frontage on Main St and N 7th St offering prime signage opportunities. The building also features two elevators and 32 dedicated parking spaces on-site. Additional surface parking is available at the corner of Main St and N 8th St. The property is part of the Main Street Historic District which is the largest cohesive grouping of historic buildings remaining in the city. The neighboring corner building, located at 668 Main St, also listed for sale or lease. Located at the signalized hard corner of Main St and N 7th St in Downtown Baton Rouge.
  • Three-story Office Building (±29,056 SF) + Former Bar/Retail (±1,600 SF)
  • 32 Dedicated Parking Spaces
  • Part of the Main Street Historic District
  • Located in Opportunity Zone
  • Less than 1,000ft from interstate
  • Two Elevators
  • Opportunity Zone
10/1/2019 5:55:10 PM 5/6/2020 4:31:42 PM
George Bonvillain
Vice President - Office Sales and Leasing
Elifin Realty
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