Historic First Federal Saving & Loan Building

Office for Sale
Catylist Listing ID: 30287213
Property Subtypes: Executive Suites, Mixed Use, Office Building
Building Size (RSF): 44,000 SF
Gross Land Area: 38,579 SF
Sale Price: $1,400,000
Unit Price: $31.82 PSF
Property Use Type: Investment
Building Name: First Federal Saving and Loan Building
Class of Space: Class E
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2018

Overview / Comments

Located right off Interstate 10 and surround by new commercial investment, including a Walmart, Canes, Taco Bell, to name a few, the First Federal Saving and Loan Building is primed for redevelopment. The eight story former office building offers a structure conducive to several build out include office space, hotel, or residential development. The building is eligible for State and Federal Historic Tax Credits and is on the National Register. The property also includes 1/2 acre parking lot.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41202708
Zoning: C-2
Property Located Between: France and Desire
Highway Access: 100 yards to Interstate 10 and Interstate 610
Airports: New Orleans Internation
Site Description: Large 436 ft deep by 95 ft wide lot with ample parking in the back of the building
Total Number of Buildings: 1
Number of Stories: 8
Typical SF / Floor: 5,500 SF
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Floor to ceiling windows with concrete panel facade.
Parking Type: Surface
Parking Description: Currently offers 53 spaces
Total Parking Spaces: 53
Passenger Elevators: 2
Interior Description: Needs full gut
Lot Frontage: 95
Lot Depth: 436
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CHEF MENTEUR HWY LOT 2 B

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,511 102,710 239,406
Median Age: 37.47 35.97 35.34
Households: 2,825 41,605 97,853


Photograph of Listing Agent

Michael Bosio

Nola Moves, LLC New Orleans, LA 70119
LACDB Member
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