Renovated Office Building For
For Lease
Contact for pricing
223 Magazine St, New Orleans, LA 70130
Renovated office building for lease near Canal Boulevard.
Property Size3,400 SF
Days on Market939
Property Features for 223 Magazine St
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Office
Listing Agency:
Louisiana Commercial Realty LLC
(504) 838-0001
Listed By:
Robert Hand · License #LA 99564145
Source:
Crexi
Added: Jan 3, 2024
Changed: Jul 10
Last Checked: Jul 30 at 4:46PM
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.
This renovated three-story office building is available for lease at the corner of Magazine Street and Gravier Street, situated two blocks from Canal Boulevard and Harrah's. The building features an elevator and two stairwells. The entire building is available for lease, or individual floors can be leased separately. The ground floor offers 3,400 square feet of space, while the second and third floors each provide 3,400 square feet. Additionally, a 1,500-square-foot space is available on the ground floor. The ground floor space includes eight private offices, two large open areas, conference rooms, and two restrooms. The entrance to the elevator is located on Gravier Street, but a Magazine Street entrance can be configured for restaurant or retail use. Suite 101, located on the left side of the ground floor, offers 1,500 square feet, including three private offices, a conference room, a large 17 x 32 foot cubicle open area, and a restroom, with a private entrance from Gravier Street. The second floor features three large offices, two restrooms, a kitchen, a conference room, and two large open areas. The third floor includes seven private offices, two restrooms, a kitchen, and a large two-level 77 x 30 foot open area.
Key Highlights
- Renovated 3‑story office building in a prime location.
- Flexible leasing options: entire building, individual 3,400 SF floors, or a 1,500 SF ground floor suite.
- Each floor features a mix of private offices and large open areas.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
10,455
Businesses Nearby
Explore this area
Business Placement
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 29% below the average of $22.66 /SF/Yr.
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building for lease near Canal Boulevard.
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 $16 SF/Yr.
What are key features of this property?
This property features: Renovated 3‑story office building in a prime location.; Flexible leasing options: entire building, individual 3,400 SF floors, or a 1,500 SF ground floor suite.; Each floor features a mix of private offices and large open areas.
