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224 Florida St
Baton Rouge, LA 70801
Development Site in Downtown Baton Rouge · Office Property For Sale
Investment Highlights
- Zoned C-5 – allows for flexible development options (mixed-use, residential, hospitality, office)
- Strong walkability and visibility in a vibrant downtown corridor
- Surrounded by restaurants, banks, hotels, museums, and office buildings
Executive Summary
263 3rd Street is a 43,324 sf, 7-story multi-tenant office building, also known as the State National Life Building, built in phases in 1916 and 1923. It was one of the first
three office buildings in downtown Baton Rouge. The exterior is in average condition; the interior is partially gutted and construction-ready. The first floor currently operates as a convenience store in average-to-good condition. This property is connected to 224 Florida Street via elevated two-story connector.
The location is two blocks from the Mississippi River and only five blocks from the State Capitol building. Surrounded by offices, restaurants, and historic sites, this is a vibrant downtown location. It is eligible for Federal Historic Rehabilitation Tax Credit (Part 1 complete), 5-Year PILOT, New Market Tax Credit, State Commercial Historic Tax Credit, and Tax Increment Financing.
Can be purchased separately or in combination with either/or two other properties in vicinity - see marketing package.
three office buildings in downtown Baton Rouge. The exterior is in average condition; the interior is partially gutted and construction-ready. The first floor currently operates as a convenience store in average-to-good condition. This property is connected to 224 Florida Street via elevated two-story connector.
The location is two blocks from the Mississippi River and only five blocks from the State Capitol building. Surrounded by offices, restaurants, and historic sites, this is a vibrant downtown location. It is eligible for Federal Historic Rehabilitation Tax Credit (Part 1 complete), 5-Year PILOT, New Market Tax Credit, State Commercial Historic Tax Credit, and Tax Increment Financing.
Can be purchased separately or in combination with either/or two other properties in vicinity - see marketing package.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
43,324 SF
Building Class
B
Year Built/Renovated
1916/1996
Price
$1,900,000
Price Per SF
$43.86
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
6,189 SF
Slab To Slab
10’
Building FAR
4.97
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
C-5
Property Taxes
| Parcel Number | 02222116 | Improvements Assessment | $248,789 |
| Land Assessment | $10,400 | Total Assessment | $259,189 |
Property Taxes
Parcel Number
02222116
Land Assessment
$10,400
Improvements Assessment
$248,789
Total Assessment
$259,189
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