CBD Office w/Parking For Sale or Lease

Office for Sale
Catylist Listing ID: 30795072
Property Subtypes: Office Building
Building Size (RSF): 3,994 SF
Gross Building Area: See Agent
Sale Price: $1,535,000
Unit Price: $384.33 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2023

Overview / Comments

Building Area: 3,994 (+/-) square feet office building on three floors with adjacent parking lot.

Additional: Building is vacated and available for immediate occupancy. This building features beautiful floors made of wide plank hardwood, brick, and slate. Architectural features include exposed brick and beam, fireplaces, and oversized moldings. Beautiful conference room, brick courtyard with balcony, full kitchen, stately offices including five private offices, and two open rooms for shared office space to accommodate up to 10 workers. A previous owner lived on floors two and three and operated business from first floor. The building is currently utilized as a law office. Finishes are updated and this space is move in ready. Neighbors include the Ace Hotel, Balise Restaurant, and the building is one block from South Market District and Lafayette Square.

Zoning: CBD-5 which allows many uses including residential, office, medical, and short term rental.

Elevator: A well functioning elevator exists to access all three floors & an ornate staircase

Parking: Adjacent lot behind office at 731 Girod St. provides parking for eight vehicles. A true rarity for CBD office.

Sale Price:
Carondelet: $1,194,206 ($299 psf)
Girod: $340,794.
$1,535,000 total

Lease Rate:
Carondelet: $19.50 psf NNN for $6,490/mo
Girod: $510/month NNN
$7,000.00 total

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41033760

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,441 198,622 406,083
Median Age: 37.48 35.69 37.05
Households: 10,719 85,877 170,415


Photograph of Listing Agent

Bryce French

Max J Derbes Inc New Orleans, LA 70123-3229
LACDB Member
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