CBD Office w/Parking For Sale

Office for Sale
Catylist Listing ID: 30183919
Property Subtypes: Office Building
Building Size (RSF): 3,994 SF
Gross Building Area: See Agent
Sale Price: $1,550,000
Unit Price: $388.08 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/21/2018

Overview / Comments

Building: 3,994 (+/-) square feet office building on three floors with adjacent parking lot.

Office: This building features beautiful floors made of wide plank hard wood, brick, and slate. Architectural features include exposed brick and beam, fireplaces, and oversized moldings. Beautiful conference room, brick courtyard with balcony, full kitchen, stately offices including five private offices, and two open rooms for shared office space to accommodate up to 10 workers. A previous owner lived on floors two and three and operated business from first floor. The building is currently utilized as a law office. Finishes are updated and this space is move in ready.

Parking: Adjacent lot behind office at 731 Girod St. provides parking for eight vehicles. A true rarity for CBD office.

Elevator: A well functioning elevator exists to access all three floors. There is also an ornate staircase.

Neighborhood: Neighbors include the Ace Hotel, Balise restaurant, and the building is one block from South Market District and Lafayette Square.

Tax Credits: Eligible for historical tax credits.

Zoning: CBD-5

Development: 636 Carondelet and 731 Girod are separate parcels offered as a package. A buyer can sell one parcel independently of the other, continue to utilize the vacant lot for parking, or develop the vacant lot with a height restriction of 60’ or 65’. This CBD-5 zoning, commercial / residential mixed use zoning provides a great deal of potential. The formula for success in the neighborhood has been ground floor retail and residential above. Please see attachments for 731 Girod conceptual rendering.

Sale Price: $1,550,000

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41033760

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,441 198,622 406,083
Median Age: 37.48 35.69 37.05
Households: 10,719 85,877 170,415


Photograph of Listing Agent

Bryce French

Max J Derbes Inc New Orleans, LA 70123-3229
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