263 3Rd StBaton Rouge, LA 70801

Property Details for 263 3Rd St

Property size (Sq ft)

42,600 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

2222116

APU

2222116

Description

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.

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4491

Longitude

-91.1885

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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