Mid-City Mixed-Use Development - For Sale

Office for Sale
Sale Pending/Contingent
Also listed as Industrial
Catylist Listing ID: 30295822
Property Subtypes: Mixed Use
Status: Pending/Contingent
Building Size (RSF): 74,020 SF
Gross Land Area: 84,835 SF
Sale Price: $5,250,000
Unit Price: $70.93 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/28/2018

Overview / Comments

This is a mixed use Development consisting of two (2) office buildings and two (2) single tenant warehouses. Plenty of on-site parking with additional street parking available around the site.

The site is bound by N. Anthony St., Conti St., N. Bernadotte and a previous railroad spur. Offering excludes warehouse located on corner of Conti & N. Bernadotte. The site consist of approx. 84, 835 sf of land zoned Hu-MU in a Flood Zone of "X", subject to verification.

Owner will not subdivide off any portion of the property; this offering is for the entire site only.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Taxing Authority: Orleans Parish
Tax ID/APN: 41200407
Zoning: HU-MU
Property Visibility: Good
Highway Access: Quick access to I-10 and I-610.
Airports: Louis Armstrong International
Site Description: The site is bound by N. Anthony St., Conti St., N. Bernadotte and a previous railroad spur. The Flood Zone designation is "X".
Area Description: Development is situated in a mixed use corridor consisting of office and light industrial users with surrounding residential neighborhood.
Total Number of Buildings: 5
Number of Stories: 2
Exterior Description: Construction and roof types vary from building to building.
Parking Type: Surface
Parking Description: On-site parking with additional street parking available around the site.
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: HU-MU, Historic Urban Neighborhood Mixed Use District.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,535 173,613 355,115
Median Age: 35.41 37.69 37.58
Households: 7,673 75,458 155,327

Contact

Photograph of Listing Agent

Al Oglesby

The Alcor Group Metairie, LA 70001
LACDB Member
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