Prime CBD Site For Lease

Retail-Commercial for Lease
Also listed as Office, Industrial
Catylist Listing ID: 30280057
Property Subtypes: Free-Standing Building
Contiguous Space: 3,500 - 10,500 SF
Total Available: 7,000 SF
Gross Building Area: See Agent
Lease Rate: $30 PSF (Annual)
Base Monthly Rent: $8,750 - 26,250
Lease Types: NNN
Last Updated: 3/12/2019

Overview / Comments

Features: Incredible location across the street from the Superdome at the busy intersection of Poydras and South Claiborne with frontage on Poydras, S. Claiborne, and S. Roman Streets.
High Traffic, High Visibility, Flexible Zoning.
Neighbors include The Superdome, the Smoothie King Center, the soon to come Drive Shack, Dave & Buster’s, Walk On’s Bistro, University Medical Center, The Hyatt Regency, Sough Market District, John Besh’s Johnny Sanchez, Rouse’s, and PJ’s Coffee among others.

Building: 7,000 sq. ft. two story building shell exists on the site. Each floor is 3,500 Sq. Ft. Ownership is open to:
1.) Utilizing the current shell and renovating the building,
2.) Adding a third floor to achieve 10,500 sq. ft. w/ three floors of 3,500 sq. ft. ea
3.) The site is available for Ground Lease in which the structure can be completely removed and a new structure can be built to suit tenant needs.

Site: 12,495 Sq. Ft. Parcel

Parking: The adjacent fenced parking lot is included with this site and can accommodate 10 (+/-) vehicles. This parking lot has access from both Claiborne and S. Roman. Nearby surface parking for overflow is abundant and readily available.

Zoning: HI Heavy Industrial
This prime location lends itself to retail use. The HI zoning is a very liberal zoning and accommodates many uses including bar, restaurant, brewery, retail, office, and industrial. A comprehensive list of permitted uses under this zoning is attached.

Demographics: Traffic Count – 95,844 vehicles in daily traffic volume on S. Claiborne Ave.
2017 Total Population 20,049 1 mile , 188,279 3 miles
2017 Total Daytime Workers Population 68,019 1 mile, 170,522 3 miles

This location provides a great deal of visibility from the thriving tourism industry. 2016 statistics show 10.45 million visitors to New Orleans and $7.41 billion in tourism spending trending up 6.9% and 5.1% from 2015. The Superdome and Smoothie King are two primary tourism drivers for the New Orleans market and this location represents the closest stand-alone building with parking to these facilities.

Development: Please see attached conceptual drawings in which an architect illustrates an addition of a third floor to the existing building with a façade resembling a sports stadium with a restaurant / bar on the first level and office on floors two and three. These plans are available for use and offer an idea of how the building can be renovated with a façade compatible with the nearby Superdome and Smoothie King Center. Ownership is open to this stadium façade concept as well as open to alternative renovations or demolition and new construction.

Rate: $30 per square foot NNN

Expand All Available Space

Suite: N/A 7,000 SF $30 PSF (Annual) NNN
Space Available: 7,000 SF
Minimum Divisible: 3,500 SF
Max Contiguous: 10,500 SF
Lease Rate: $30 PSF (Annual)
$8,750 - 26,250 (Monthly)
Lease Type: NNN
Date Available: 6/1/2018
Space Type: Relet

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41031564

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,446 204,119 404,755
Median Age: 34.02 36.12 37.19
Households: 8,203 89,867 171,585


Photograph of Listing Agent

Bryce French

Max J Derbes Inc New Orleans, LA 70123-3229
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.