Historic Multi-Tenant Office
For Sale
$1,900,000
263 3rd St, Baton Rouge, LA 70801
Seven-story office building with partially gutted interiors and a convenience store on the first floor.
Property Size43,324 SF
Price / SF$43.86
Days on Market97
Property Features for 263 3rd St
General Information
Standard status
Active
Size
43,324 SF
Property subtype
Office
Zoning
C-5
Building Details
Year Built
1916
Stories
7
Tenancy
Multi
Listing Agency:
Corporate Realty - Main Office
Listed By:
Scott Graf · License #SALE.995686372-ACT
(504) 233-2108
Source:
Lacdb.resimplifi
Added: Jun 3
Changed: Sep 5
Last Checked: Sep 7 at 5:40AM
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 Corporate Realty - Main Office
Investment Insights
Based on property information with market context.
263 3rd Street is a 7-story, multi-tenant office building totaling 43,324 SF, known as the State National Life Building. The property was built in phases in 1916 and 1923 and is one of the first three office buildings in downtown Baton Rouge. The exterior is described as being in average condition, while the interior is partially gutted and construction-ready, supporting future redevelopment or reconfiguration. The first floor currently operates as a convenience store in average-to-good condition.
The building is connected to 224 Florida Street via an elevated two-story connector, creating a direct physical linkage between the two properties. The offering also notes eligibility for multiple historic and redevelopment incentives, including Federal Historic Rehabilitation Tax Credit with Part 1 complete, as well as a 5-Year PILOT, New Market Tax Credit, State Commercial Historic Tax Credit, and Tax Increment Financing.
For buyers and operators, this asset presents a mixed-use setup with active first-floor retail convenience operations and upper-level space positioned for renovation. Its partially gutted condition and construction-ready status can support tenant improvements and future buildouts, while the confirmed historic credit progress may be relevant for qualified redevelopment plans.
The building is connected to 224 Florida Street via an elevated two-story connector, creating a direct physical linkage between the two properties. The offering also notes eligibility for multiple historic and redevelopment incentives, including Federal Historic Rehabilitation Tax Credit with Part 1 complete, as well as a 5-Year PILOT, New Market Tax Credit, State Commercial Historic Tax Credit, and Tax Increment Financing.
For buyers and operators, this asset presents a mixed-use setup with active first-floor retail convenience operations and upper-level space positioned for renovation. Its partially gutted condition and construction-ready status can support tenant improvements and future buildouts, while the confirmed historic credit progress may be relevant for qualified redevelopment plans.
Key Highlights
- 43,324 SF, 7‑story multi‑tenant office building (State National Life Building) in downtown Baton Rouge
- Built in phases: 1916 and 1923—one of the first three office buildings in downtown Baton Rouge
- Interiors are partially gutted and construction‑ready; exterior described as in average condition
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,501
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Seven-story office building with partially gutted interiors and a convenience store on the first floor.
Where is this office building located?
The property is located at 263 3rd St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 43,324 SF, 7‑story multi‑tenant office building (State National Life Building) in downtown Baton Rouge; Built in phases: 1916 and 1923—one of the first three office buildings in downtown Baton Rouge; Interiors are partially gutted and construction‑ready; exterior described as in average condition
