For Sale
$2,816,500

263 3Rd StBaton Rouge, LA 70801

7-Story, 43,324 SF Office Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This 7-story, 43,324 square foot, Class B multi-tenant office building, known as the State National Life Building, presents a prime redevelopment opportunity in downtown Baton Rouge. Built in phases in 1916 and 1923, this historic landmark is one of the first three office buildings in the city's downtown core. The building's exterior is in average condition, while the interior is partially gutted, offering a blank canvas for renovation. The first floor currently houses a partially occupied convenience store, generating income. The building is interconnected with two adjacent buildings, also available for purchase. Situated on a 9,187 square foot lot with prominent street frontage, the property boasts a highly visible location just blocks from the Mississippi River and the State Capitol. This exceptional property is eligible for various tax credits and incentives, including a completed Part 1 of the Federal Historic Rehabilitation Tax Credit process, a 5-year PILOT program, New Market Tax Credits, State Commercial Historic Tax Credits, and Tax Increment Financing. The asking price is $2,816,500.

Highlights

  • Income-producing convenience store on the first floor.
  • Adjacent buildings also available for purchase.
  • High-visibility location near the Mississippi River and State Capitol.
  • Available for purchase individually or as part of a larger portfolio.

Property Details for 263 3Rd St

Property type
Office properties
Square Feet
43,324 SF
Class
B
Buildings
1
Stories
7

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.44916074
Longitude
-91.18827384
263 3Rd St, Baton Rouge, Louisiana

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263 3Rd St
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