Two-Story Bar and Entertainment
326 3rd St Baton Rouge, LA 70801
For Sale
Contact for pricing
Two-story downtown bar and second-floor catering space operated under NNN leases.
Property Size11,583 SF
Price / SF$211.52
Days on Market2874
Property Features for 326 3rd St
General Information
Standard status
Active
Size
11,583 SF
Property subtype
RETAIL
Listing Agency:
Maestri-Murrell Inc
(225) 810-3294
Listed By:
Jonathan Walker · License #0000074518
(225) 810-3294
Source:
Moodyscre
Added: Sep 17, 2018
Changed: Jul 30
Last Checked: Jul 30 at 3:57AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.9k | $22.44 |
| − Vacancy | −$1.0k | −$0.09 |
| EGI | $258.9k | $22.35 |
| − OpEx | −$64.7k | −$5.59 |
| NOI | $194.2k | $16.76 |
11,583 SF · lease $22.44/SF/yr · vacancy 0.39% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
