263 THIRD STREET - NEW MIXED DEVELOPMENT
Located at 263 Third Street in Downtown Baton Rouge, this stunning and modern commercial property has potential to become a sought-after location for businesses looking to establish a presence in the bustling city.
The property, which boasts an impressive 48,000 square feet of prime space, was recently listed for lease. The listing has generated significant interest among potential buyers, who see the property as a rare opportunity to own a piece of prime real estate in one of the most desirable locations in the city.
The property's prime location is just one of the many factors that make it a unique investment opportunity. 263 Third Street is situated in the heart of Downtown Baton Rouge, which makes it an ideal location for a wide range of businesses. The property's impressive size and layout make it an ideal choice for businesses of all types. With ample space for parking and easy access to major highways and transportation routes, the property is also well-suited for businesses that require a high volume of foot traffic.
Sited at the corner of 3rd Street and Florida Street in the Downtown submarket of Baton Rouge 263 3rd Street offers a boutique and modern approach to the Class B office market with curated retail programming providing tenants and end users with an exceptionally unique mixed-use experience. The ground floor retail space is flexible and primed to be a part of the growing Downtown/3rd Street scene while the rooftop offers a distinctive Restaurant/Bar opportunity. Office amenities include access to an onsite gym with locker rooms and showers, a large kitchen and lounge, and high-speed fiber internet. The entire site is zoned Business C5 allowing for a multitude of office and supplemental retail uses. The entire development is historic tax credit eligible. Potential Tenant Improvement Incentives are also available and inquire with brokers for more information.
View Full Executive Summary by Latter & Blum Here
Property Highlights and Opportunity
Address: 263 3rd St Baton Rouge, LA 70801
Property Subtypes: Office Building; Retail Commercial
Contiguous Space: 1,655-7,804 SF
Total Available: 48,393 SF
Gross Building Area: 48,393 SF
Building Class: B
Lease Rate: $18.00 SF/Yr - $30.00 SF/Yr
Lease Types: NNN; Full Service
Zoning: Business (C5)
Market: Baton Rouge MSA
Sub-Market: Downtown
Ground Floor Retail
The ground floor retail space features a spacious office area, store area, building services, and common areas for tenants to enjoy. The property boasts a ceiling height of approximately 20 feet, providing ample space for a variety of retail operations. Concept photos and renderings of the ground floor showcase a modern and stylish space that is sure to attract tenants and customers alike. With easy access to building services and a wide range of amenities, the new space is poised to become a popular destination for shoppers and businesses alike. Below is a possible ground floor restaurant concept.
Co-Working Levels (Floors 2-3)
The co-working floors at the new development are sure to impress, with Levels 2 and 3 offering a range of amenities and services. Level 2 features a building circulation/services area, member leasable space, and Nexus - a collaborative workspace designed to foster creativity and innovation.
Meanwhile, Level 3 includes building circulation/services, fitness facilities, member common areas, and additional leasable space. Members on this third level also have the option of enjoying an outdoor terrace, which offers stunning views of the surrounding area. Concept photos of the co-working floors showcase a sleek and modern design that is sure to appeal to a wide range of businesses and entrepreneurs. With top-of-the-line amenities and a vibrant community of professionals, these co-working floors are set to become one of the most desirable destinations for businesses in the area.
Office Levels (Floors 4-7)
The office floors at the new development are set to offer a range of options for businesses looking to establish a presence in the area. Levels 4-7 include Test Fit Levels that are fully built out, featuring building circulation/services and member leasable spaces. These levels have been designed to provide a turnkey solution for businesses looking to move in quickly and start operating right away. For those looking for a more customized space, the development also offers Custom Test Fits, where businesses can work alongside an in-house design team to create a modern and functional workspace that meets their specific needs. Inquiring with brokers can provide information on custom test fits and cost estimates tailored to each company's unique requirements.
Bar/Penthouse Level (Floor 8)
The 8th floor at the 263 Third Street promises to be one of the most unique spaces in the building for Downtown Baton Rouge. Located on Level 8, this floor features a range of leasable areas including an office area, building services, store area, and building common area. However, it's the Bar and Penthouse concept that really sets this floor apart. Renderings of the Bar and Penthouse showcase a luxurious and modern space with stunning views of the city and top-of-the-line amenities, this space is the perfect place to unwind after a long day at work or to entertain clients and guests. Whether looking for a place to relax or a space to impress, the Bar and Penthouse floor at the new development is sure to exceed expectations. Below is a more detailed rendering of the Penthouse with possible Bar layout.
263 Third Elevations
Above are the Elevations of the potential development at 263 Third Street, showcasing the East and North sides of the building and its 8 Levels. The blueprint above offers a detailed look at the exterior of the building, including its unique design elements and architectural features. With its modern and sleek aesthetic, the development is sure to become a standout feature of the downtown Baton Rouge skyline. The blueprint also provides valuable information for potential tenants, giving them a clear idea of the layout and available space within the building.
Downtown Baton Rouge Retailer Map
For a more detailed view at Downtown Baton Rouge's retail map, visit Latter & Blum's 360 Drone of Downtown Baton Rouge.
Contact for More Information
As Downtown Baton Rouge continues to experience growth and revitalization, properties like 263 Third Street are sure to become even more valuable in the coming years. For investors and business owners looking to establish a foothold in this vibrant and dynamic city, this property represents a once-in-a-lifetime opportunity to own a piece of prime real estate in a highly coveted location.
