263 3rd Street, Baton Rouge, LA 70801

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.