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263 3rd Street
Baton Rouge, LA 70801
Asking Price
$1.90M
Asset Type
Traditional Office Office
Class
Class B
What's Special
Redevelopment Opportunity in Downtown Baton Rouge <ul><li><span style="color: rgba(55, 65, 81, 1)">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.</span></li><li><span style="color: rgba(55, 65, 81, 1)">interior is partially gutted and construction-ready</span></li></ul>
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
