St. Charles Avenue Redevelopment
1055 St Charles Ave New Orleans, LA
For Sale
Contact for pricing
Prime 2.2-acre site with redevelopment potential in vibrant New Orleans.
Property Size69,569 SF
Lot Size2.20 Acres
Price / SF$164.44
Days on Market272
Property Features for 1055 St Charles Ave
General Information
Standard status
Active
Size
69,569 SF
Lot size
2.20 Acres
Property subtype
OFFICE
Listing Agency:
Corporate Realty - Main Office
(504) 432-1232
Listed By:
Austin Lavin, CCIM · License #SALE.0995683576-ACT
(504) 432-1232
Source:
Moodyscre
Added: Oct 30, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corporate Realty - Main Office
Investment Insights
Based on property information with market context.
Located on St. Charles Avenue in New Orleans, this 2.2-acre property presents a redevelopment opportunity. The site includes a 7-story office building with 70,446 rentable square feet. Situated within the CBD-3 Cultural Arts District, the zoning supports a mix of uses, including residential, hotel, retail, and restaurant options. A surface parking lot offers additional development possibilities. The existing office building is currently operating with a healthy occupancy rate, leased at Class A office rates. The location offers exceptional visibility, with approximately 112,000 vehicles per day on St. Charles Avenue. Proximity to the Pontchartrain Expressway and Carondelet Street further enhances its exposure. During Mardi Gras, the area experiences significant foot traffic, with well over 100,000 people on peak days. The existing office structure and expansive parking lot offer significant redevelopment potential for a mixed-use project. The property is located within an Opportunity Zone, offering potential tax incentives. It has also been designated a historic landmark and is eligible for federal and state historic tax credits, potentially covering up to 45% of renovation costs. The property is near cultural landmarks such as The National WWII Museum and The Contemporary Arts Center, as well as educational institutions like Tulane University and Loyola University.
Key Highlights
- Prime location on St. Charles Avenue in the CBD‑3 Cultural Arts District, offering high visibility (±12,000 VPD) and unparalleled exposure during Mardi Gras (100,000+ foot traffic).
- Significant redevelopment potential for a mixed‑use project including residential, hotel, retail, and amenities.
- Located within an Opportunity Zone, providing substantial tax incentives.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.59M | $22.80 |
| − Vacancy | −$218.9k | −$3.15 |
| EGI | $1.37M | $19.65 |
| − OpEx | −$341.8k | −$4.91 |
| NOI | $1.03M | $14.74 |
69,569 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.65M
$12.82M – $17.09M
NOI $1,025,461 @ 7.0% cap · market cap 8.96%
Second Best
Mixed Use
$13.42M
$11.74M – $15.65M
NOI $939,182 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$17.68M
$15.47M – $20.63M
NOI $1,237,749 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Prime 2.2-acre site with redevelopment potential in vibrant New Orleans.
Where is this office building located?
The property is located at 1055 St Charles Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $11,440,000.
What are key features of this property?
This property features: Prime location on St. Charles Avenue in the CBD‑3 Cultural Arts District, offering high visibility (±12,000 VPD) and unparalleled exposure during Mardi Gras (100,000+ foot traffic).; Significant redevelopment potential for a mixed‑use project including residential, hotel, retail, and amenities.; Located within an Opportunity Zone, providing substantial tax incentives.
