638 Penalver StBaton Rouge, LA 70802

Property Details for 638 Penalver St

Property size (Sq ft)

1,268 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

41130

APU

41130

Description

This exceptional 1,600 square foot free-standing office building is situated on a 0.14-acre lot in Baton Rouge's Central Business District (CBD), at 638 Penalver Street, zip code 70802. The property, zoned B1, boasts 75 feet of frontage on Penalver Street and offers convenient off-street parking. The single-story building is fully occupied and features a blend of traditional and creative office space, perfect for a variety of professional uses. The 1,200 square feet of office space includes four private offices and one restroom. An additional 400 square feet of warehouse space provides versatile storage or workspace options. The building is well-maintained and showcases attractive hardwood floors throughout. The asking price is $275,000, translating to $171.88 per square foot. This represents a unique opportunity to acquire a classic, well-located office property in a thriving urban environment. The property's Asset Property Number (APN) is 000-4113-0.

• CAP approach

  CAP return

  Valuation

  6%

  $215,104

  6.5%

  $198,557

  7%

  $184,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $149,922

  Geo Method

  $588,421

• Alternative Use

  Use

  Valuation

  Residential

  $198,557

  Hospitality

  $181,877

  Educational

  $151,320

  Medical

  $156,524

  Retail

  $235,387

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4424

Longitude

-91.1859

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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