8 Story 102,000 SF Bldg on Florida Blvd - REDUCED!

Office for Sale
Also listed as Multi-Family
Catylist Listing ID: 30187225
Property Subtypes: Executive Suites, High-Tech, Institutional, Medical, Office Building, Other
Building Size (RSF): 102,000 SF
Gross Land Area: 4.94 Acres
Sale Price: $2,195,000
Unit Price: $21.52 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 92,000 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/25/2018

Overview / Comments

PRICE REDUCTION!

Currently listed $455,000 below Nov. 2017 appraisal (valued at $2,650,000).

Former insurance company headquarters located on high traffic Florida Boulevard near the Sharp Road intersection. This 8-story building was designed by architect A. Hays Town. 102,000 SF Gross Area with 92,000 SF Rentable Space on 4.94 Acres. Can be redeveloped as apartments. Great space for office, medical, rehab facility, etc. or HUD 202 Housing Site. Owner financing available.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 41
Tax ID/APN: 1110311072
Zoning: C-2
Property Located Between: Airline Hwy & Sherwood Forest Blvd
Property Visibility: Excellent
Number of Stories: 8
Lot Frontage: 200'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,544 87,772 222,890
Median Age: 34.32 36.22 35.53
Households: 4,847 35,830 89,660
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