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    829 St Charles Ave New Orleans, LA 70130

    For Sale
    $6,995,000

    New Orleans CBD Office Building, 44,716 SF

    Property size:
    44,716 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This iconic New Orleans building, located at 829 St. Charles Avenue, presents a unique investment opportunity. The 44,716 square foot, three-story Class B creative office building, built in 1920 and renovated in 2001, sits on a 16,262 square foot lot in the heart of the Central Business District (CBD-5 zoning). Previously occupied by Emeril's Homebase, the property is currently 100% vacant, offering flexibility for an owner-user or multi-tenant occupancy. The gross lease structure and 43,403 square feet of net rentable space provide significant potential. With two addresses and entrances, the building allows for a diverse range of uses, including the possibility of partial owner-occupancy and multi-tenant leasing. The asking price is $6,995,000, translating to $156.43 per square foot. The building's history and prime location in New Orleans' vibrant CBD make it an attractive prospect for redevelopment into a mixed-use complex, offering substantial upside potential. The last occupancy date was August 3, 2020. Detailed floor plans are available upon request.

    Property Features for 829 St Charles Ave

    General Information

    Property type
    Office space
    Square Feet
    44,716 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1920/2001
    Stories
    3

    HighLights

    • Iconic New Orleans CBD office building at 829 St. Charles Avenue.
    • 44,716 SF, three‑story Class B creative office building on a 16,262 SF lot.
    • 100% vacant, offering owner‑user or multi‑tenant options.
    • 43,403 SF of net rentable space; $6,995,000 asking price ($156.43/SF).
    • Two addresses/entrances; potential for mixed‑use redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Daycare Center Kitchen & Bath 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
    -90.0722426
    Latitude
    29.9452652

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    FAQs

    What type of property is this?
    Office space - New Orleans CBD Office Building, 44,716 SF
    Where is this office space located?
    The property is located at 829 St Charles Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $6,995,000.
    What are key features of this property?
    This property features: Iconic New Orleans CBD office building at 829 St. Charles Avenue.; 44,716 SF, three-story Class B creative office building on a 16,262 SF lot.; 100% vacant, offering owner-user or multi-tenant options.
    Request Owner's contact information
    829 St Charles Ave New Orleans, LA 70130
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    New Orleans, LA 70130
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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
    829 St Charles Ave New Orleans, LA 70130
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