Catylist ID: #30855522
Exceptional Real Estate in Exceptional Location with Owner Financing
Office for Sale
|Catylist Listing ID:||30855522|
|Property Subtypes:||Flex Space, Office Building|
|Building Size (RSF):||38,729 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$152.34 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
|Building Name:||Peter Mayer Building|
|Class of Space:||Class B|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
These three interconnecting buildings, formerly the home of Peter Mayer Advertising, are offered for sale. Comprising a total of 38,729 sf in the heart of downtown New Orleans, this is a perfect development opportunity for multi family, hospitality, or co-working. Originally built in the 1800s, these three buildings will be able to get both state and federal historic tax credits (HTCs).The HTCs will allow a developer to recoup over 30% of its renovation costs.
Each building consists of four floors that connect on each level. This masterfully-done renovation preserves the character of the buildings while providing contemporary interiors. The property spans the width of a downtown block, with the fronts of the buildings facing Camp Street and the backs providing access to Picayune Place.
The property is only one and a half blocks from Poydras Street, a primary thoroughfare for the Central Business District, and adjacent to Class A office buildings, hotels, and restaurants. It is also only two blocks from Canal Street and the French Quarter. This is an exceptional commercial real estate opportunity.
1. 318 Camp St is a four-story, 18,872-sf building. It features a soaring four-story glass atrium, state-of-the-art conference rooms and technology, a large open lounge area with kitchen, contemporary office spaces, and a glass-backed elevator.
2. 320 Camp St is a four-story, 9,923-sf building constructed of brick that features double show windows.
3. 324 Camp St is a four-story, 9,934-sf building that served as the original home of Peter Mayer Advertising. It features original pressed tin ceilings, skylights, and a vintage elevator.
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Submarket/Township:||Greater New Orleans|
|Property Located Between:||Camp and Poydras|
|Highway Access:||I-10, US 90, Pontchartrain Expressway|
|Area Description:||The property is only one and a half blocks from Poydras Street, a primary thoroughfare for the Central Business District, and adjacent to Class A office buildings, hotels, and restaurants. It is also only two blocks from Canal Street and the French Quarter. This is an exceptional commercial real estate opportunity.|
|Total Number of Buildings:||3|
|Number of Stories:||4|
|Exterior Description:||Historic buildings in a variety of styles, all from mid-1800s.|
|Parking Type:||Structure, Surface|
|Parking Description:||Surface and covered parking options available nearby.|
|Interior Description:||Mix of private offices, open work area, and conference rooms. Feasibility Studies done for hotel and multifamily.|
|Zoning Description:||Historic Commercial and Mixed Use -provides for re-use of existing structures in historic and along prominent mixed-use corridors that frame CBD. Future zoning is DMU - Mixed Use Downtown.|
|Proximity:||1 mile||3 miles||5 miles|
Donna Whalen LittleCorporate Realty - Main Office New Orleans, LA 70170-0000
Michael J Siegel, SIORCorporate Realty - Main Office New Orleans, LA 70170-0000
Randy R WhiteCorporate 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.|