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    3525 Prytania St New Orleans, LA 70115

    Sponsored
    For Lease
    $30 SF/Yr

    Orleans Parish: Lease or Buy

    Lot size:
    14,583 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents three fully built-out medical office condominiums in a Class B, six-story building located in Orleans Parish. The suites, numbers 402, 430, and 526, offer a range of sizes, from 1,686 square feet to 6,706 square feet, catering to various practice needs. Each condo boasts convenient access to attached garage parking, ensuring ease of access for patients, physicians, and staff. A key advantage is the enclosed catwalk connection to Touro Hospital, providing seamless patient flow and enhancing the overall convenience of the location. Suite 402, spanning 6,706 square feet, is available for sale at $1,609,000 or lease at $35.00 per square foot. Suite 430, measuring 1,686 square feet, is priced at $362,460 for sale or $30.00 per square foot for lease. Finally, Suite 526, encompassing 6,191 square feet, offers a sale price of $1,176,290 or a lease rate of $30.00 per square foot. The building is zoned MC and situated just two blocks from the intersection of St. Charles Avenue and Louisiana Avenue, offering excellent visibility and accessibility. The property's APN is 614226617, and its convenient location and features make it an ideal investment for medical professionals seeking a thriving practice environment. Multiple tenancy is available.

    Property Features for 3525 Prytania St

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,583 SF
    Class
    B

    Building Details

    Stories
    6

    Unit(s) available at that property

    Space
    Suite 526
    Size
    6,191 SF
    Rate per SF
    $30
    Space
    Suite 430
    Size
    1,686 SF
    Rate per SF
    $30
    Space
    Suite 402
    Size
    6,706 SF
    Rate per SF
    $35

    HighLights

    • Class B, six‑story medical office condo building with multiple tenancies.
    • Three medical office condos available for sale or lease, ranging from 1,686 sq. ft. to 6,706 sq. ft.
    • Convenient attached garage parking.
    • Covered walkway access to Touro Hospital.
    • Located two blocks from St. Charles Ave and Louisiana Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lane Robert E ... Dentist Dr. Charles Silvia, ... Oral Surgeon Mahroo Nazafarine DDS Dentist Southern Oral Surgery ... Oral Surgeon Glazer Family Dentistry Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.092400107698
    Latitude
    29.926357799487

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    FAQs

    What type of property is this?
    Multifamily property - Orleans Parish: Lease or Buy
    Where is this multifamily property located?
    The property is located at 3525 Prytania St New Orleans, LA.
    What is the lease rate?
    The lease rate is $30-$35 SF/Yr.
    What are key features of this property?
    This property features: Class B, six-story medical office condo building with multiple tenancies.; Three medical office condos available for sale or lease, ranging from 1,686 sq. ft. to 6,706 sq. ft.; Convenient attached garage parking.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3525 Prytania St New Orleans, LA 70115
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