Catylist ID: #30772134
REDUCED: Cash Flowing CBD Building FOR SALE
Retail-Commercial for Sale
|Catylist Listing ID:||30772134|
|Property Subtypes:||Mixed Use, Street Retail, Other|
|Building Size (RSF):||6,802 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$301.38 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Net Leased Investment (NNN), Investment, Business|
|Sale Terms:||Cash to Seller|
Overview / Comments
401 Baronne is a recently renovated 6,802 SF commercial building located on the hard corner of Baronne and Perdido Streets in the heart of New Orleans’ Central Business District. Floors 2-3 are leased to Sonder, a public company via recent SPAC deal. The first floor is also leased, making the property 100% occupied.
The first floor is leased to Dream House Lounge, a wellness lounge and oxygen bar (https://www.dhlounge.com/). Read more about Dream House here: https://nola.eater.com/2022/7/22/23270535/black-entrepreneurs-leading-new-orleans-nonalcoholic-sober-bar-movement
Priced at $2,050,000, this property is zoned CBD-1. The building has close proximity to major downtown high-rise office buildings, including First Bank and Trust Building, One Shell Square, Pan American Life Center, and Poydras Center, as well as several hotels, notably the recently completed Virgin Hotel. Additionally, the Superdome is located half of a mile away.
This cash-flowing asset is ideal for income-seeking buyers. Financials are available upon request. Please do not disturb tenants.
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Submarket/Township:||Greater New Orleans|
|Proximity:||1 mile||3 miles||5 miles|
Timothy ThompsonSVN Urban Properties New Orleans, LA 70130
Henry ShortessSVN Urban Properties New Orleans, LA 70130
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