263 3Rd St Baton Rouge, LA 70801
- Investment properties
- 42,600 SF
Current Use by Public Records
- Veterinary Medical Examiners / Veterinarian / Government
- Tarvald A Smith Attorney / Personal Injury Attorney
- Downtown Grocery / Grocery Store
- Charter School Tools / Charter School / Private Educational Institution
- parkingmgt.com / Parking Lot
Property Details for 263 3Rd St
- Property size
- 42,600 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 2222116
- APU
- 2222116
Description
This 7-story, 43,324 square foot, Class B multi-tenant office building, known as the State National Life Building, presents a prime redevelopment opportunity in downtown Baton Rouge. Built in phases in 1916 and 1923, this historic landmark is one of the first three office buildings in the city's downtown core. The building's exterior is in average condition, while the interior is partially gutted, offering a blank canvas for renovation. The first floor currently houses a partially occupied convenience store, generating income. The building is interconnected with two adjacent buildings, also available for purchase. Situated on a 9,187 square foot lot with prominent street frontage, the property boasts a highly visible location just blocks from the Mississippi River and the State Capitol. This exceptional property is eligible for various tax credits and incentives, including a completed Part 1 of the Federal Historic Rehabilitation Tax Credit process, a 5-year PILOT program, New Market Tax Credits, State Commercial Historic Tax Credits, and Tax Increment Financing. The asking price is $2,816,500.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.1885
- Latitude
- 30.4491
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
