402 Government StBaton Rouge, LA 70802

  • Mixed-use properties
  • 1.00 AC
For Lease
$6/SF/YR View listing

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
402 Government St, Baton Rouge, Louisiana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,459
$7,730
$19,060
$26,790
-
$77,300
$127,067
$204,367

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