402 Government StBaton Rouge, LA 70802
- Mixed-use properties
- 1.00 AC
Property Details for 402 Government St
- Lot size
- 1.00 AC
- Property type
- Mixed-use properties
- Property subtype
- Other investment 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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