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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.

Space Size3,400 SF
Days on Market1041

Property Features for 223 Magazine St

General Information

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

Site & Location

Neighborhood Central Business District

Amenities

elevator
conference rooms
kitchen

Building Details

Stories 3

Spaces For Lease

at 223 Magazine St
New Orleans Magazine St. Office Space For Lease $26/SF/Yr
Size 3,400 SF
Type OFFICE
Lease Type MODIFIED_GROSS
Availability AVAILABLE
Sublease No
Renovated 3 story office building for lease at corner of Magazine and Gravier, opposite Ruby Slipper restaurant, two blocks from Canal Boulevard and Harrah's. Each 3,400 SF floor has large perimeter private offices plus large interior open area, elevator and 2 stairwells. Ground floor1,500 SF for lease at $26/SF and 3,400 SF floors 2 and 3 for lease at $16/SF. Zoned CBD-2. The entire 3,400 SF ground floor is available, offering 8 private offices, 2 large open areas, conference rooms 2 restrooms and 2 large open areas. Entrance to elevator is from 511 Gravier but can be configured with Magazine street entrance for restaurant or retail. See floor plan. Suite 101 is also available which is 1,500 RSF on the ground floor, offering 3 private offices, large open cubicle area, 17 x 14 conference room, restroom and private entrance from Gravier Street. 2nd floor 3,400 SF offers 3 large offices, 2 restrooms, kitchen, conference room and 2 large open areas. See floor plan. 3rd floor 3,400 SF offers 7 private offices, 2 restrooms, kitchen and large two-level 77 x 30 foot open area. See floor plan. Ground floor 3,400 SF. Entrance to elevator is from 511 Gravier but can be configured with Magazine street entrance for restaurant or retail. See floor plan. 1st floor offers 8 private offices, 2 large open areas and conference room.
Contact us
Listing Agency: Louisiana Commercial Realty, LLC
Listed By: Robert Hand · License #99564145
Source: Moodyscre
Added: Dec 24, 2023 Changed: Oct 26 Last Checked: Oct 28 at 11:40AM

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

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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

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for New Orleans, LA

$18.54 /SF/Yr
Avg Asking Price
$1.58–$41.56 /SF/Yr
Price Range
24,422 SF
Avg Space Size

This space is priced 40% above the average of $18.54 /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

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 · Office Call to check price and availability
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