263 Third Street
The property includes three (3) connecting buildings totaling approximately 100,000 SF, fronting on Third Street, Florida Street and Lafayette Street, in the center of the downtown development district. The buildings, previously office, are also ideal for Hotel conversion, Residential, or Mixed Use. The site is in a Certified Opportunity Zone. Located between the Hilton Hotel Capitol Center on Lafayette and the Courtyard by Marriott hotel (under construction) on Third Street, and two (2) blocks from the Mississippi River; the site is midway between the New State Capitol and the Old State Capitol.
The largest building, 263 Third, is on the Main Street Program and qualifies for:
- 5 Year Property Tax Abatement
- Economic Development Zone Status
- New Market Tax Credits
- Federal Historic & Rehabilitation Tax Credits
- State Commercial Historic Tax Credits
- State Historic Rehabilitation Tax Credits—residential
- Tax Increment Financing
- And Numerous State Business Incentives
The three buildings connect to Florida Street and Third Street primary downtown arteries. This is the largest commercial office/ hotel/ residential building available in downtown Baton Rouge.
PARKING ADDED TO PACKAGE - The owner has added 19,225 SF of parking worth $1,922,000 to the package at no additional cost.
Owner financing available.
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