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Renovated Multi-Story Office Building
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223 Magazine St, New Orleans, LA 70130

Renovated three-story corner office building offers full-floor layouts with private offices, open areas, and elevator access.

Property Size3,400 SF
Days on Market949

Property Features for 223 Magazine St

General Information

Standard status Active
Size 3,400 SF
Property subtype OFFICE
Zoning CBD-2
Lease Type SF/yr

Amenities

elevator
conference rooms
kitchen

Building Details

Stories 3
Listing Agency: Louisiana Commercial Realty, LLC
Listed By: Robert Hand · License #99564145
Source: Moodyscre
Added: Dec 24, 2023 Changed: Jul 25 Last Checked: Jul 30 at 11:57AM

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 Louisiana Commercial Realty, LLC

Investment Insights

Based on property information with market context.

Renovated three-story office building for lease at the corner of Magazine and Gravier. Each 3,400 SF floor includes large perimeter private offices and a large interior open area, along with an elevator and two stairwells.

The building is zoned CBD-2 and is described as being opposite Ruby Slipper restaurant, with Canal Boulevard and Harrah’s located about two blocks away. The ground floor option includes 1,500 SF and the full ground floor is also available, with multiple private offices, conference rooms, restrooms, and open areas. Elevator access is noted from 511 Gravier, with the ability to configure a Magazine Street entrance.

Additional available space includes Suite 101 at 1,500 RSF on the ground floor with a private entrance from Gravier Street, and full 3,400 SF floors on levels two and three, each featuring office and open-area configurations, along with restrooms and kitchen space. Floor plans are available.

Key Highlights

  • Renovated three‑story office building for lease on the corner of Magazine and Gravier (zoned CBD‑2)
  • Full 3,400 SF floor layouts: perimeter private offices plus large interior open areas, with elevator and 2 stairwells
  • Ground floor 1,500 SF suite for lease at $26/SF with 3 private offices, large open cubicle area, 17' x 14' conference room, restroom, and private Gravier entrance

Property Analytics

Current Use

Emergency Dental LA Dental Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store HVAC Service Locksmith Nursing Home Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

10,455
Businesses Nearby

Demographics for 70130, LA

14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value

Market

Lease Benchmarks for New Orleans, LA

$22.66 /SF/Yr
Avg Asking Price
$20.69–$26.99 /SF/Yr
Price Range
2,341 SF
Avg Space Size

This space is priced 15% above the average of $22.66 /SF/Yr.

Vacancy Rate% for Office in New Orleans, LA

8.9% 2019
9.7% 2020
11.3% 2021
10.2% 2022
10.9% 2023
11.6% 2024
9.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovated three-story corner office building offers full-floor layouts with private offices, open areas, and elevator access.
Where is this office building located?
The property is located at 223 Magazine St New Orleans, LA.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Renovated three‑story office building for lease on the corner of Magazine and Gravier (zoned CBD‑2); Full 3,400 SF floor layouts: perimeter private offices plus large interior open areas, with elevator and 2 stairwells; Ground floor 1,500 SF suite for lease at $26/SF with 3 private offices, large open cubicle area, 17' x 14' conference room, restroom, and private Gravier entrance
(504) 289-8172 Call to check price and availability
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