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The Pythian Mixed-Use Building
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234 Loyola Ave, New Orleans, LA 70112

Historic property combines apartments with commercial space under CBD-1 zoning.

Property Size123,266 SF
Days on Market350

Property Features for 234 Loyola Ave

General Information

Standard status Active
Size 123,266 SF
Property subtype Hospitality
Zoning CBD-1

Additional Details

Public Transit Yes
Multifamily Units 69

Building Details

Year Built 1909
Year Renovated 2017
Buildings 1
Tenancy Multi
Listing Agency: Corporate Realty - Main Office
Listed By: Michael Siegel · License #995714139
Source: Lacdb.resimplifi
Added: Sep 17, 2025 Changed: Aug 31 Last Checked: Aug 31 at 1:48PM

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 Corporate Realty - Main Office

Investment Insights

Based on property information with market context.

The Pythian Building is a historic mixed-use property at 234 Loyola Ave with 123,266 square feet and 69 residential apartments. Three commercial floors add varied operating components: office suites occupy the third floor, an event venue is located on the second, and the ground floor was formerly configured as a food hall. Renovation work completed in 2017 retained the building’s architectural character while updating the property.

Zoned CBD-1, the property supports a range of stated use possibilities, including hotel operations, short-term rental, and multifamily housing with workforce housing. The building sits on a streetcar line and is within walking distance of the French Quarter, Caesars Superdome, Smoothie King Center, the CBD office population, and the medical district.

Key Highlights

  • 123,266‑square‑foot historic mixed‑use building completed in 1909
  • 69 residential apartments above three floors of commercial space
  • Renovated in 2017 with architectural character preserved

Property Analytics

Current Use

The Pizza Box at the Pythian ... Restaurant The Ohm Well Gym & Fitness Center Rich By Any ... Clothing Store The Pythian Apartments Apartment Building

Suggested Use

Top Pick Home Appliance Store (Bike/Boat/Book/etc) Store Butcher Nursing Home Locksmith Veterinary Clinic

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

69
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

11,503
Businesses Nearby

Demographics for 70112, LA

4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic property combines apartments with commercial space under CBD-1 zoning.
Where is this mixed-use property located?
The property is located at 234 Loyola Ave New Orleans, LA.
What are key features of this property?
This property features: 123,266‑square‑foot historic mixed‑use building completed in 1909; 69 residential apartments above three floors of commercial space; Renovated in 2017 with architectural character preserved
More about this property
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