Two-Story Bar and Entertainment
For Sale
$2,450,000
326 3rd St, Baton Rouge, LA 70801
Two-story downtown bar and second-floor catering space operated under NNN leases.
Property Size11,583 SF
Price / SF$211.52
Days on Market2965
Property Features for 326 3rd St
General Information
Standard status
Active
Size
11,583 SF
Property subtype
Retail
Zoning
C5
Occupancy
100%
Site & Location
Neighborhood
Downtown
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Maestri-Murrell Inc
Listed By:
Jonathan Walker · License #0000074518
(225) 810-3294
Source:
Lacdb.resimplifi
Added: Sep 17, 2018
Changed: Oct 25
Last Checked: Oct 28 at 4:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maestri-Murrell Inc
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Investment Insights
Based on property information with market context.
Two-story bar and entertainment property with approximately 11,583 SF of space. Driftwood Cask and Barrell operates on the first floor, while Trademark Catering operates on the second floor.
The building is located at 326 3rd St in downtown Baton Rouge, on 3rd Street between Florida and Laurel. The property is surrounded by nearby hospitality and entertainment users including Marriott, Raising Cane’s, City Bar, and Magpie.
Both floors are covered by NNN leases, providing an investor structure for this multi-operator setup. Please do not disturb tenants; contact the agent for additional details.
The building is located at 326 3rd St in downtown Baton Rouge, on 3rd Street between Florida and Laurel. The property is surrounded by nearby hospitality and entertainment users including Marriott, Raising Cane’s, City Bar, and Magpie.
Both floors are covered by NNN leases, providing an investor structure for this multi-operator setup. Please do not disturb tenants; contact the agent for additional details.
Key Highlights
- Approximately 11,583 SF two‑story building
- Driftwood Cask and Barrell operates on the first floor
- Trademark Catering operates on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,182
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,883,640
$3.9M
Cap Rate 7%
$2,774,029
$2.8M
Cap Rate 9%
$2,157,578
$2.2M
Market Conditions
NOI Build-Up for 11,583 SF
Gross rent
$259.9K $22.44/SF
− Vacancy
−$1.0K −$0.09/SF
EGI
$258.9K $22.35/SF
− OpEx
−$64.7K −$5.59/SF
NOI
$194.2K $16.76/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,883,640
Cap Rate 7%
$2,774,029
Cap Rate 9%
$2,157,578
Alternative Uses
Best Use
Specialty Retail
$2.77M
$2.43M – $3.24M
NOI $194,182 @ 7.0% cap · market cap 7.93%
Second Best
Industrial
$1.10M
$965.5K – $1.29M
NOI $77,242 @ 7.0% cap · market cap 3.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,471
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 62%
Shops & Services 38%
Hampton Inn & Suites Baton Rouge Downtown
Hotels & Casinos
5,888 visits/mo
0.1 miles
Hotel Indigo Baton Rouge Downtown, an IHG Hotel
Hotels & Casinos
5,595 visits/mo
0.1 miles
Courtyard Baton Rouge Downtown
Hotels & Casinos
5,119 visits/mo
0.1 miles
Chase Bank
Shops & Services
4,470 visits/mo
0.1 miles
FedEx Office Print & Ship Center
Shops & Services
1,820 visits/mo
0.2 miles
Demographics for 70801, LA
340
Population
240
Households
1.4
Avg Household Size
40
Median Age
70%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
3,400
Density / Sq Mi
$112,787
Median Household Income
$103,750
Median Earnings
$1,679
Median Rent
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kisan soren — 813-801 St Philip St, Baton Rouge, LA 70802
- 813 एचडी फिलिप्स — 813 St Philip St, Baton Rouge, LA 70802
- George's Place — 860 St Louis St, Baton Rouge, LA 70802
- 102 Lounge Bar Restaurant — 102 France St, Baton Rouge, LA 70802
- Louisiana Dream Girls — France St, Baton Rouge, LA 70802
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two-story downtown bar and second-floor catering space operated under NNN leases.
Where is this bar & pub located?
The property is located at 326 3rd St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Approximately 11,583 SF two‑story building; Driftwood Cask and Barrell operates on the first floor; Trademark Catering operates on the second floor
