Catylist ID:
#30843997
Historic Building For Sale
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30843997 |
| Property Subtypes: | Mixed Use, Office Building, Other |
| Status: | Pending/Contingent |
| Building Size (RSF): | 12,988 SF |
| Gross Building Area: | 14,376 SF |
| Gross Land Area: | 3,823 SF |
| Sale Price: | $2,300,000 |
| Unit Price: | $177.09 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Net Leased Investment (NNN) |
| Class of Space: | Class B |
| Usable Size (USF): | 12,988 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/12/2024 |
Overview / Comments
|
Historic Building located in the heart of the CBD. The building is located on the corner of St. Charles Ave & Gravier. The 2nd & 3rd floor are occupied on floors with an old New Orleans private club and has a long term lease. The 1st and 4th floors are available for an owner occupied business or could be leased to an office and or retail business. Elevator modernization is currently in progress and should be completed by early July 2023. All offers may be subject to a tenant's ten (10) day rights of first refusal. The seller is willing to lease the first floor space at market rent for a five year term |
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Greater New Orleans |
| Taxing Authority: | New Orleans |
| Tax ID/APN: | 104101110 |
| Zoning: | CBD-1 |
| Property Located Between: | Canal and Poydras |
| Property Visibility: | Fair |
| Airports: | MSY |
| Site Description: | Corner |
| Total Number of Buildings: | 1 |
| Number of Stories: | 4 |
| Typical SF / Floor: | 3,594 SF |
| Year Built: | 1920 |
| Roof Type: | Hip |
| Construction/Siding: | Stucco |
| Exterior Description: | Stucco |
| Parking Type: | Other |
| Parking Description: | Parking is available on the street or at several parking garages that are in close proximity |
| Passenger Elevators: | 1 |
| Sprinklers: | Wet |
| Heat Type: | Electricity |
| Heat Source: | Ceiling Units |
| Air Conditioning: | Evaporative Cooler |
| Interior Description: | Drop ceiling tile and sheetrock |
| Zoning Description: | CBD-1 Core Central Business District |
| Lot Frontage: | 51.2" |
| Lot Depth: | 81.5' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Lots 19-19, Square 172, First Municipal District, City of New Orleans, State of Louisiana |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,100 | 186,273 | 401,945 |
| Median Age: | 41.37 | 35.91 | 36.91 |
| Households: | 8,720 | 81,725 | 168,794 |
| The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
