Listed by Corporate Realty
$1,900,000
263 3rd Street
Details
Property Type Office, Mixed Use
Sub Type Traditional Office
Square Footage 43,324
Year Built 1916
Buildings 1
Acreage 0.210
Zoning C-5
Ground Lease No
Sale Condition For sale by owner
Redevelopment Opportunity in Downtown Baton Rouge
Marketing description
263 3rd Street is a 43,324 -sf, 7-story multi-tenant office building, also known as the State National Life Building, built in phases in 1916 and 1923 — one of the first three office buildings in downtown Baton Rouge. The exterior is in average condition; the interior is partially gutted and construction-ready. The first floor currently operates as a convenience store in average-to-good condition. Connected to 224 Florida Street via elevated two-story connector.
Eligible for Federal Historic Rehabilitation Tax Credit (Part 1 complete), 5-Year PILOT, New Market Tax Credit, State Commercial Historic Tax Credit, and Tax Increment Financing.
Investment highlights
- Eligible for Federal Historic Rehabilitation Tax Credit (Part 1 complete), 5-Year PILOT, New Market Tax Credit, State Commercial Historic Tax Credit, and Tax Increment Financing.
- interior is partially gutted and construction-ready
Listing Contacts
Listed by Corporate Realty
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