Historic Downtown Building in Opportunity Zone Prime for Redevelopment

232 Lafayette St Baton Rouge, LA 70801

232 Lafayette St, Baton Rouge, LA, 70801
232 Lafayette St, Baton Rouge, LA, 70801
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,500,000
Last Verified:
Sep 09, 2019

Highlights

  • ±14,268 SF of Shell Space
  • Rich character and classic design
  • Constructed c. 1923
  • Located in heavily trafficked section of Downtown
  • Qualifies for multiple tax credit programs

Description

This historic building is the perfect template for a mixed-use redevelopment with rich character. Located on a very busy block of Downtown Baton Rouge, across from the Hilton Downtown and Hotel Indigo, this property is perfectly positioned to attract both vehicle and foot traffic. The property is currently in shell condition and sits on a ±0.19 acre lot. Located one block from the Mississippi River and one block from popular 3rd street, the property is easily within walking distance of many downtown attractions.

The property is located in an Opportunity Zone, qualifies for the State Historic Tax Credit Program, and is eligible to apply for the Federal Historic Tax Credit Program.

Located in Downtown Baton Rouge on Lafayette St between Florida St and Convention St.

Building Size: 14268.0sq ft
Building Class: C
Lot Size: 0.19 acres

Map of 232 Lafayette St, Baton Rouge, LA, 70801

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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