3001-3081 Government St - Restaurant FOR SALE


Baton Rouge, LA 70806- Mid City Baton Rouge
$3,300,000 USD
225-237-3343
3001-3081 Government St, Baton Rouge, LA for Sale
$3,300,000 USD
Restaurant - FOR SALE
1/4
null | 7.6% Cap Rate

3001-3081 Government St
Baton Rouge, LA 70806
Mid City Baton Rouge


HIGHLIGHTS

  • Ogden Market Shopping Center
  • C-1 & C-AB-2 Zoning
  • Multi-Tenant Center, currently 87% Occupied

OVERVIEW

Ogden Market Shopping Center is a multi-tenant, retail center that consist of 1.316 acres improved with a retail center totaling 25,929 square feet. Ogden Market is located in the heart of Baton Rouge's Mid City between Bedford Dr. and Hearthstone Dr. fronting Government St. The center is positioned across the street from Catholic High School and surrounded by several established Baton Rouge restaurants and emerging concepts. The center is currently 87% occupied, creating an opportunity for NOI appreciation upon leasing the vacant suite. The Pro Forma NOI is estimated to be $250,807.68 and the current NOI is $189,559.86. Tenant mix includes The Radio Bar, Simple Joe's Cafe, Time Warp Boutique, H&R Block, Advance America Cash Advance, Anytime 24 Seven Golf, & Red Stick CrossFit. Ogden Market is predominantly occupied by long term Tenants. There is currently one vacant 2,606 square foot suite being offered for lease.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,669 SF

ZONING

C-1

APN/PARCEL ID

00692786,00692794,00692808,00692816

ASK ABOUT THIS PROPERTY

Ashlyn PlaisanceBeau Box Commercial Real EstateMore Info
225-237-3343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ashlyn PlaisanceBeau Box Commercial Real EstateMore Info
225-237-3343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.