Buildings and Parking Lot Across from Courthouse

Office for Sale
Sale Pending
Catylist Listing ID: 30831829
Status: Pending
Building Size (RSF): 5,788 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $259.16 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2023

Overview / Comments

This offering consists of two buildings totaling 5,688 sf of improvements and a 14,376-sf parking lot. This highly visible Mid-City location is directly across the street from the Orleans Parish Criminal District Courthouse, near the intersection of Tulane Avenue with Broad Street. This is ideally positioned for redevelopment or investment with renovations.

The two-story building has two ground floor tenants in place and an office tenant in approximately 800 sf on the second floor. There is additional vacancy of approximately 1,500 sf, so the second floor could be reconfigured for multiple office tenants.

The single story building is seller occupied, and the seller is interested in leasing back for 1-2 years.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 105202508
Zoning: MU-1
Total Number of Buildings: 2
Zoning Description: The MU-1 Medium Intensity Mixed-Use District is intended to encourage walkable neighborhood centers and corridors, with a mix of residential and commercial uses. Buildings may contain vertical mixed-use as well as single purpose uses designed to provide transitions to adjacent lower density residential areas.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,580 204,625 410,818
Median Age: 32.05 36.57 37.19
Households: 9,274 90,765 175,507


Photograph of Listing Agent

Keith Adler

Corporate Realty - Main Office New Orleans, LA 70170-0000
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.