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

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