263 3Rd St, Baton Rouge, LA 70801
- Investment properties
- 42,600 SF
Current Use by Public Records
- Veterinary Medical Examiners / Veterinary Clinic
- Tarvald A Smith Attorney / Law Firm
- Downtown Grocery / Grocery & Convenience Store / Food Market
- Charter School Tools / High School
- parkingmgt.com / Parking Lot & Garage
Property Details for 263 3Rd St
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 2222116
- APU
- 2222116
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 26, 2023 | — | 263 Third LLC | — | Deed · related | $500k · Futures Financial LLC |
| May 31, 2013 | — | Dean Building Holdings LLC | — | Deed Of Trust · related | $3.3M · Investar Bank |
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 Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $930,000
Market price range: $931k - $2.40M
Get a detailed, property-specific estimation — fast and free
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
