CBD Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30631666
Property Subtypes: Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 56,000 SF
Sale Price: $2,250,000
Unit Price: $40.18 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Beauregard / Catfish Town
Usable Size (USF): 56,000 SF
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Average Occupancy Rate: 100
Last Updated: 8/13/2020

Overview / Comments

Two historic buildings, part of the Belle of Baton Rouge Casino / Hotel / Catfish Town operation. Both properties have had long-term leases with national credit tenants. A unique opportunity for an excellent real estate investment in downtown Baton Rouge.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 51
Tax ID/APN: 032-1113-4
Retail Clientele: General, Business, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Government St. and I-10
Property Visibility: Good
Largest Nearby Street: Government St
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,600 69,627 157,245
Median Age: 33.72 33.51 32.73
Households: 3,728 27,877 62,559


The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.