Large Pristine Office Space w/ Warehouse and 80 Off Street Parking

Office for Sale
Also listed as Industrial, Vacant Land
Catylist Listing ID: 30590303
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Other
Building Size (RSF): 32,527 SF
Gross Land Area: 65,130 SF
Sale Price: $3,825,000
Unit Price: $117.59 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 9/13/2020

Overview / Comments

OPPORTUNITY ZONE PROPERTY: Located in the heart of Mid city, this historic office and warehouse is currently available for lease. Previously used as a base of operations for Bell South communications, the exceptionally well maintained building features a combination of open office space, dozens of private offices, and over 80 off street parking spaces. The MU-2 zoned property has a clear span warehouse, exposed brick, soaring high ceilings, large picture windows, historic architectural details, large gated offstreet parking, large bathrooms with showers, exposed wood trusses, vaulted ceilings, spiral ducts, a full sprinkler system, smart buildings systems, and many other significant and beautiful architectural details.

The property is a 7 minute drive from downtown New Orleans, and is in close proximity to major transportation arteries I-10 and Jefferson Davis Parkway. Also included are 3 vacant lots across Gravier Street.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41034859
Zoning: MU-2
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Over 80 off street gated parking spaces available.
Sprinklers: Wet, Dry
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Zoning Description: The MU-2 High Intensity Mixed-Use District is intended encourage walkable neighborhood centers and corridors conducive to transit, with a mix of residential and supportive commercial and office uses. Buildings may contain vertical mixed-use as well as single purpose uses designed to be located both at neighborhood centers and along major arterial corridors.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,268 197,530 400,263
Median Age: 31.45 36.72 37.21
Households: 9,677 87,737 171,744

Contact

Photograph of Listing Agent

Aaron Kazanoff

ben + burka New Orleans, LA 70115
LACDB Member
Photograph of Listing Agent

Ben D Jacobson

ben + burka New Orleans, LA 70115
LACDB Member
Photograph of Listing Agent

Casey A Burka

ben + burka New Orleans, LA 70115
LACDB Member
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