Louisiana Power & Light Headquarters

Office for Sale
Catylist Listing ID: 30852021
Property Subtypes: Office Building
Building Size (RSF): 80,884 SF
Gross Land Area: 57,935 SF
Sale Price: $3,375,000
Unit Price: $41.73 PSF
Property Use Type: Investment
Building Name: Louisiana Power & Light Headquarters
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/12/2024

Overview / Comments

Discover the exceptional former LP&L headquarters in Algiers Point, nestled within one of New Orleans' oldest and most charming neighborhoods. Its strategic location just across from the Algiers Ferry terminal offers convenient access to the Central Business District, Warehouse District, and French Quarter, ensuring easy connectivity seven days a week. This property presents an unparalleled opportunity for adaptive reuse, potentially making it eligible for state and/or federal historic tax credits. Alternatively, embrace the chance to embark on a fresh mixed-use project in this lively and established neighborhood, boasting a breathtaking view of the iconic New Orleans skyline.
Imagine the long-lasting impact of a development in this remarkable location, destined to leave a legacy for generations to come. Situated in one of the most sought-after vantage points in New Orleans, this offers endless possibilities and opportunities to become a part of the vibrant history of the 300-year-old City of New Orleans. Embrace the spirit of innovation and preservation as you transform this space into something truly extraordinary. Don't miss your chance to be a part of shaping the future of this iconic city. 

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Westbank
Tax ID/APN: 013000186
Zoning: MU-1
Airports: MSY
Total Number of Buildings: 5
Number of Stories: 5
Year Built: 1952
Construction/Siding: Block, Brick, Other
Parking Type: Surface
Parking Description: Paved lot
Passenger Elevators: 3
Sprinklers: None
Zoning Description: MU-1
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: 18,212 168,007 391,289
Median Age: 42.12 36.5 36.52
Households: 9,955 73,683 163,134

Contact

Photograph of Listing Agent

Jeffrey Doussan, Jr

New Orleans, LA
LACDB Member
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