Baker Court Office Building

Transwestern is pleased to present purchasers with an opportunity to acquire Baker Court. The property consists of three contiguous parcels measuring a combined 1.84-acres and is improved with one office building and one single-family house. The property provides investors with a range of opportunities - full or partial redevelopment to multifamily, value-add through extension of the short-term tenants, or conversion of the existing structures to multifamily. Buyers can take advantage of a cash flowing asset as well as Opportunity Zone designation and qualified census tract.

Baker Court has excess land that can be developed into multifamily housing. 821 Raymond Avenue and 0 Territorial Road are zoned T3, Traditional Neighborhood, which “provides for higher-density pedestrian- and transit-oriented mixed-use development. It is designed for development or redevelopment of land on sites large enough to support” a mix of uses, including residential and commercial and other uses. 847 Raymond Avenue is zoned RM-4, One Family.

• Property Type : Office
• Class : B
• Listing Size : 29,875
• Year Built : 1904
• Stories : 4
• Typical Floor Size : 7,193
• Elevators : 0