558 B Street

Description

This grand Victorian was thoughtfully converted into 9 separate office spaces, blending timeless period character with modern functionality. The building has been upgraded with newer electrical, a reinforced foundation, dual-paned windows, and hi-speed internet, so tenants get vintage charm without sacrificing modern-day reliability. Step through the gracious doorway, framed by original stained glass windows, into a hardwood-floored entryway anchored by an elegant staircase. Throughout the building, original high ceilings, wainscoting, doors, and trim have been lovingly preserved, giving every office suite a distinctive, character-rich setting rarely found in commercial space. A peaceful garden and an upstairs balcony offer quiet outdoor retreats, with the balcony overlooking the historic St Rose Church, which sits directly across the street. The property is part of the storied St Rose Historic neighborhood, one of the area's most distinctive settings for professional offices, surrounded by other well-maintained historic buildings that attract similar tenants. Two of the office spaces have their own wheelchair-accessible entrance. Onsite parking includes 7 dedicated spaces, plus the added convenience of a public parking garage across the street. Adding to the investment appeal, the property is located within a designated Opportunity Zone, offering buyers and investors significant potential tax advantages, including deferral and reduction of capital gains taxes on reinvested proceeds, and potential exclusion of future gains on long-term holds.