Warehouse District Retail/Office Opportunity

1200 Annunciation St, New Orleans, LA

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For Sale

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Retail/office warehouse with modern design and historic functionality.

Type:FLEX_R_AND_D

Property size:

7,802 SF

Lot size:

0.23 Acres

Price / SF:

$179/SF

HighLights

Prime location at the corner of Annunciation and Calliope, adjacent to the Warehouse District and Pontchartrain Expressway.
Versatile property divided into 3 bays, suitable for retail, restaurant, office, art studio, or storage conversions.
Bay 1 features +\/- 1,914 SF of beautifully renovated, modern open office space with abundant natural light and stunning light wood ceilings.
Bays 2 and 3 offer drive‑in access with (2) 12X12 roll‑up doors in the front and rear, plus internal connection to the office for covered parking.
High ceilings with 20’ clear heights under trusses.
Includes 3‑phase power and a metal roof installed in 2020.

We can help!

Listing Contact

Melissa S Warren, CCIM

For Sale

Contact for pricing

Retail/office warehouse with modern design and historic functionality.

Type:FLEX_R_AND_D

Property size:

7,802 SF

Lot size:

0.23 Acres

Price / SF:

$179/SF

Added:: Jan 13, 2025
Days on Market:: 517
Last Refresh:: May 19 at 9:27 pm

Property Features for 1200 Annunciation St

General Information

Standard status: Active
Size: 7,802 SF
Lot size: 0.23 Acres
Property subtype: FLEX_R_AND_D

We can help!

Listing Contact

Melissa S Warren, CCIM

Listing agent Melissa S Warren, CCIM

Listing office Stirling | New Orleans

Listing date Jan 13, 2025

Source Moodyscre

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 Stirling | New Orleans

HighLights

Prime location at the corner of Annunciation and Calliope, adjacent to the Warehouse District and Pontchartrain Expressway.
Versatile property divided into 3 bays, suitable for retail, restaurant, office, art studio, or storage conversions.
Bay 1 features +\/- 1,914 SF of beautifully renovated, modern open office space with abundant natural light and stunning light wood ceilings.
Bays 2 and 3 offer drive‑in access with (2) 12X12 roll‑up doors in the front and rear, plus internal connection to the office for covered parking.
High ceilings with 20’ clear heights under trusses.
Includes 3‑phase power and a metal roof installed in 2020.

Overview

Located at the corner of Annunciation and Calliope, adjacent to the Warehouse District and Pontchartrain Expressway, this property offers a retail/office warehouse opportunity. The building, totaling 7,308 square feet, is divided into 3 bays. Bay 1 features approximately 1,914 square feet of renovated, modern open office space with natural light and light wood ceilings supported by black iron trusses. Bays 2 and 3 measure 2,623 and 3,264 square feet respectively, each with two 12x12 roll-up doors in the front and rear. These bays are suitable for retail, restaurant, office, art studio, or storage conversions, with drive-in access via Annunciation St. The bays are internally connected to the office, providing covered parking. Clear heights under trusses reach 20 feet. The property includes 3-phase power and a metal roof installed in 2020. Bays 2 and 3 contain overhead cranes. The location provides access to the CBD-Warehouse District, Lower Garden District, Uptown, and the Westbank.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$177.9k	$22.80
− Vacancy	−$24.5k	−$3.15
EGI	$153.3k	$19.65
− OpEx	−$38.3k	−$4.91
NOI	$115.0k	$14.74

7,802 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.64M

$1.44M – $1.92M (±1% cap)

NOI $115,003 @ 7.0% cap · market cap 8.22%

Second Best

Retail

$1.38M

$1.20M – $1.61M (±1% cap)

NOI $96,339 @ 7.0% cap · market cap 6.89%

Theoretical Best

Office A

$1.98M

$1.74M – $2.31M (±1% cap)

NOI $138,811 @ 7.0% cap · market cap 9.92%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

M2 Studio Architect Modern Market Corporate Office

Suggested Use

Similar Places Nearby

TheCookingBeauty — St Thomas St, New Orleans, LA 70130
Joel Catering — 1911 Magazine St, New Orleans, LA 70130
Good4ortune LLC — 1805 S Rampart St, New Orleans, LA 70113
2 Girls And A Spoon — 923 Constance St, New Orleans, LA 70130
Table Toppers LLC — 1201 Annunciation St, New Orleans, LA 70130

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.0684
Latitude: 29.9386

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For sale
Flex space
LA
New Orleans
1200 Annunciation St

What type of property is this?

Flex space - Retail/office warehouse with modern design and historic functionality.

Where is this flex space located?

The property is located at 1200 Annunciation St New Orleans, LA.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: Prime location at the corner of Annunciation and Calliope, adjacent to the Warehouse District and Pontchartrain Expressway.; Versatile property divided into 3 bays, suitable for retail, restaurant, office, art studio, or storage conversions.; Bay 1 features +\/- 1,914 SF of **beautifully renovated, modern open office space with abundant natural light and stunning light wood ceilings.**

1200 Annunciation St, New Orleans, LA

Retail/office warehouse with modern design and historic functionality.

Property Features for 1200 Annunciation St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Converted Triplex with Dual Driveways

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

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