12 Story Historic Downtown Building - Howard Tower

Office for Sale
Sale Pending/Contingent
Also listed as Multi-Family, Hospitality
Catylist Listing ID: 30786916
Property Subtypes: Coworking, Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 84,466 SF
Gross Land Area: 1 Acre
Sale Price: $8,975,000
Unit Price: $106.26 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/5/2022

Overview / Comments

Situated on the western side of Howard Avenue in New Orleans, Louisiana, the Archdiocese of New Orleans Building was designed by architects Mathes Bergman & Associates (now Mathes Brierre).  It was originally constructed for the First National Life Insurance Co. in 1962 and featured a branch of the National Bank of Commerce. The building has subsequently been the home of the Archdiocese of New Orleans for many decades.  The improvements consist of a 84,466 SF twelve (12) story + basement, office building. The attached accessory parking structure is 30,832 SF three (3) stories + basement.   The total GBA is 115,298 SF.

The building is situated on a concrete slab foundation and incorporates reinforced concrete frame construction. The exterior of the building features precast concrete panel, stone, concrete block, poured concrete and a glass curtain wall with a flat, built-up roof. Interior finishes include tile and carpet floors with painted sheetrock walls and acoustical tile ceilings. The main structure is used for offices and parking and the basement is used for storage and mechanical equipment. Additional amenities include a covered entry, backup generator, three passenger elevators and 139 parking spaces.

*Excess Parking Lot (1032 Loyola Avenue) also available for separate purchase, offering 67 additional parking spaces, yielding a total combined parking count of 206 spaces. Contact agent for details.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41181084
Zoning: CBD-1
Property Located Between: Loyola & Dryades
Highway Access: Next to Pontchtrain Expy Entrance
Total Number of Buildings: 1
Number of Stories: 12
Year Built: 1962
Construction/Siding: Concrete, Curtain
Exterior Description: Glass curtain wall, precast concrete panel, stone on frame, concrete block & poured concrete. Reinforced Concrete Frame / Fire Resistive
Parking Type: Structure, Surface
Parking Description: Main Surface Lot (57 spaces) + 3 Floor Parking Structure (82 spaces) *Excess Parking Lot (1032 Loyola Avenue) also available for separate purchase, offering 67 additional parking spaces, yielding a total combined parking count of 206 spaces
Total Parking Spaces: 139
Passenger Elevators: 3
Sprinklers: Wet
Zoning Description: CBD-1, Core Central Business District
Lot Frontage: 230 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,315 201,878 405,972
Median Age: 36.36 35.79 37.03
Households: 11,732 87,872 170,098

Contact

Photograph of Listing Agent

S. Parkerson McEnery

The McEnery Company Inc Mandeville, LA 70471
LACDB Member
Photograph of Listing Agent

Pat Browne III

The McEnery Company Inc Mandeville, LA 70471
LACDB Member
Photograph of Listing Agent

Gordon McLeod

The McEnery Company Inc Mandeville, LA 70471
LACDB Member
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