213 Baronne St - Office FOR SALE


New Orleans, LA 70112- New Orleans CBD
$1,725,000 USD
213 Baronne St, New Orleans, LA for Sale
$1,725,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

213 Baronne St
New Orleans, LA 70112
New Orleans CBD


HIGHLIGHTS

  • CBD Hospitality

OVERVIEW

Very well zoned and well situated hospitality property for sale. Excellent event venue, bar, club and/or restaurant use with the potential for upper floor short-term rental or boutique hotel, in an incredibly well located position just two blocks to the French Quarter. The building features separate entrances for the ground-level retail space and the upper stories, providing flexibility to accommodate multiple businesses or single-tenant occupancy. The first three (3) stories are elevator serviced. The fourth (4th) level contains a penthouse structure at the rear of the property which leads out to a huge deck spanning the all the way to the street. The active rooftop provides exciting city views and endless possibilities. The price per square foot is well supported at $210 per SF, with entry pricing well below replacement cost. The structure may also be eligible for Federal and State Historic Tax Credits for qualifying renovation costs. Please contact broker for more information on available tax incentives for redevelopment.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CBD-1

APN/PARCEL ID

1-05-1-017-02

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