402 Government StBaton Rouge, LA 70802

Property Details for 402 Government St

Lot size

1.00 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

31860

APU

31860

Description

This exceptional 13,670-square-foot retail or restaurant space is situated at 402 Government Street in Baton Rouge, Louisiana, within the vibrant LACDB - 51 submarket. Located on a 0.39-acre lot (17,120 square feet), this single-story building offers a unique opportunity for a variety of commercial ventures. Currently vacant, the property boasts a C2 zoning designation, allowing for diverse uses. The address is at the southeast corner of Saint Ferdinand and Government Street, providing excellent visibility and accessibility for businesses catering to the substantial residential and commuter population in the area. The property's history includes a long-standing presence of a popular American diner, establishing a strong foundation for future success. The owner is open to considering a long-term ground lease or a Net, Net, Net (NNN) lease of the existing building, providing flexibility for potential tenants. This prime location in downtown Baton Rouge presents a rare chance to establish a thriving business in a high-traffic area. The property is in East Baton Rouge Parish, Louisiana, with a 70802 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $7,389,529

  6.5%

  $6,821,104

  7%

  $6,333,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,150,333

  Geo Method

  $20,214,214

• Alternative Use

  Use

  Valuation

  Residential

  $6,821,104

  Hospitality

  $6,248,094

  Educational

  $5,198,342

  Medical

  $5,377,120

  Retail

  $8,086,308

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4431

Longitude

-91.1863

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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