4100 Touro St - Office FOR SALE


New Orleans, LA 70122- Dillard
$6,500,000 USD
504-582-9251
4100 Touro St, New Orleans, LA for Sale
$6,500,000 USD
Office - FOR SALE
1/18
null | Request Cap Rate

4100 Touro St
New Orleans, LA 70122
Dillard


HIGHLIGHTS

  • ±80,000 SF across two buildings with steel-reinforced construction and skywalk connection.
  • Eligible for Federal and State Historic Tax Credits and Low-Income Housing Tax Credits.
  • Positioned within minutes of the French Quarter, CBD, and Lakefront with excellent regional access.

OVERVIEW

Located adjacent to the historic and vibrant shopping district along Gentilly Boulevard near its intersections of Elysian Fields and Norman Mayer Avenues, the 4100 Touro street complex has served as the headquarters for the Housing Authority of New Orleans since the early 1990’s. Originally constructed for the Southern Bell Telephone and Telegraph Company in 1959, the campus is well positioned for a redevelopment into Multi-Family Housing utilizing Low Income Housing Tax Credits, with the potential qualifications to incorporate State and Federal Historic Tax credits as well. The property is located immediately adjacent to the Gentilly Terrace National Register Historic District; and given the building’s most recent use as the Housing Authority of New Orleans’ headquarters, as well as the original use as the Southern Bell Telephone and Telegraph Company headquarters in 1959, the building is a strong candidate for nomination onto the National Historic Register – creating a path for procurement of State and Federal Historic Tax Credits. The property is located directly adjacent to Dillard University’s brand new Innovation Collective, a a 251 bed, multi-purpose building and residence hall. The property comprises approximately two-thirds of the block bounded by Touro, Senate, Pauger, and Pelopidas streets. The improvements consist of two buildings that are connected via skywalk. Building 1 is a steel reinforced raised concrete structure consisting of app of approximately 50,000 sq/ft of finished improvements and approximately 30 covered parking spaces. Building 2 is a Steel frame and masonry building consisting of approximately 30,000 sq/ft of finished office space on two floors, and an approximately 45 space parking parking lot.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

MU-1

APN/PARCEL ID

3-7W-4-202-04

ASK ABOUT THIS PROPERTY

Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

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Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.