700 Baronne St New Orleans, LA 70113
Highly visible commercial condo with established bank tenant in New Orleans.
Property size:
2,121 SFLot size:
0.07 AcresProperty Features for 700 Baronne St
General Information
- Size
- 2,121 SF
- Lot size
- 0.07 Acres
Source:
Moodyscre
Listing Agent: Christopher Robertson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Warehouse District Commercial Condo
This commercial condo is located in the Warehouse District of New Orleans. The corner unit is situated in a preserved building featuring brickwork, open warehouse-style ceilings, and oversized windows. The space includes private offices, restrooms, and a kitchen and break area. An ATM and night drop are built-in. The property is located on the corner of Baronne and Girod Streets, across from a Rouses Market and CVS Pharmacy, and near Emeril’s Restaurant. The property is zoned CBD-5, offering flexibility for commercial uses in addition to financial services. High-speed fiber optic and cable internet/phone service from AT&T and Cox are available, as well as access to high-pressure gas lines. The property is occupied by Red River Bank, with 8.5 years remaining on the lease and annual rent escalations of 2.5%. Red River Bank operates 27 locations across Louisiana and has over $3.15 billion in total assets and $2.81+ billion in deposits. The property has expansive corner frontage with high visibility and is located in a high-traffic location at a signalized intersection. A public parking garage is located diagonally across the street.
Location Intelligence
Current Use by Public Records
Hancock Whitney Bank
Bank
Red River Bank
Bank
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0736408
- Latitude
- 29.9477958
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FAQs
What type of property is this?
Bank - Highly visible commercial condo with established bank tenant in New Orleans.
Where is this bank located?
The property is located at 700 Baronne St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - High-credit tenant (Red River Bank) with 8.5 years remaining on the lease and annual rent escalations of 2.5%.; - **Prime corner location** in the Warehouse District at a signalized intersection with high visibility and traffic.; - Solid 7.15% CAP Rate.