$ 1,400,000
1012 S ACADIAN THWY #1 Baton Rouge, LA 70806
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$ 1,400,000
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9,880 SqFt
$ 1,400,000
Est. payment | /mo
9,880 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,880 sqft
Price per Sqft $141
Subdivision Richland Plantation
MLS Listing ID 2024012324
Lot Size 0.750 Acres
Lot Dimensions 131 x 150
Property Description
Entire building is clad in brick and the two dormers are concrete stucco. Fabulous investment with 3 business offices downstairs(rented as two) totaling 3750 sq ft on first floor, three units on second floor and two additional units added by current owners on third floor. Total of 8 units rented. All stairwells are pan filled concrete stairs, along with floor decks on each level.All units are fireproofed from one another and during the major renovation the third floor was added by installing Four Steel columns and Huge I beams for support.In 2017 owners did massive renovations on the second and third floor apartments. Replaced all windows with high quality window workd casements with screen layers on the inside. Stained the exterior brick with Keim Masonary stain, so it will never need to be repainted. Installed two larghe high volume hybrid electric water heaters and all flooring was replaced with porcelain wood look tile from door to door. Currently the downstairs offices are leased and two of the upstairs units are used as Air B&B's rentals, and the other three units are leased with long term tenants.Nine heating and air units installed in 2017 and all capacitors in all u nits were replaced in 2023.This investment would be ideal if the new owner had office space used for themselves ande leased out the rest of the building for rental gain. The power meters were cleaned up to consolidate the building into fewer meters to make the energy bills cheaper. Custon himg volume gutters and custom metal awnings were fabricated on site and installed.The entire buildings interior was painted and all kitchens and bathrooms were updated with new fixtures and appliances , granite countertops, and new custom cabinets. There is appx 35k worth of custom cabinetry and build in desks. Installed is a building wide mesh netweork with system and REV fiber from Cox.
Location
State LA
Parish East Baton Rouge
Area Ebr Mls Area 51
Listed by Locations Real Estate
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Blake Fowler
Broker | License ID: 0995683324