You could add a count variable and count how many times the page has looped and only show the excerpt if the count is 3 or greater.:
<?php
$Count = 0;
?>
<div class="content-block-archive">
<div class="content-block-archive-thumbnail">
<a href="https://wordpress.stackexchange.com/questions/343700/<?php the_permalink(); ?>"><?php echo get_the_post_thumbnail($post_id, 'large', array('class' => 'alignleft')); ?></a>
</div>
<div class="content-block-archive-meta">
<h2 class="content-block-archive-title"><a href="https://wordpress.stackexchange.com/questions/343700/<?php the_permalink(); ?>"><?php the_title(); ?></a></h2>
<div class="content-block-archive-author"> <?php the_author_posts_link(); ?> | <?php echo get_the_date(); ?>
</div>
<?php
if ($Count >= 3) { ?>
<div class="content-block-archive-excerpt">
<?php
the_excerpt();
?>
</div>
<?php
}
$Count ++;
?>
</div>
</div>