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    3525 New Orleans Ln 70115 New Orleans, LA 70115

    Sponsored
    For Sale
    $361,200

    Prime New Orleans location, 1505 sq ft.

    Property size:
    1,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,505-square-foot medical office condo is situated in a prime Uptown New Orleans location at 3525 Prytania Street, Suite 425, New Orleans, LA 70115. Located directly across from Touro Infirmary-LCMC Health and connected via an enclosed pedestrian bridge, this fourth-floor suite offers unparalleled convenience and visibility. The space boasts a well-designed layout including a reception area, nurse's station, five exam rooms, a lab room, doctor's office, kitchenette, and private bathroom. The unit is in excellent condition, requiring minimal cosmetic updates, and benefits from abundant natural light. The building itself is a six-story, approximately 204,545-square-foot structure featuring passenger elevators, an atrium lobby with an electronic screen, and ample parking in an attached garage used by physicians, staff, and patients of both the building and Touro Infirmary. The property is zoned MC and enjoys a convenient location near various amenities including restaurants, cafes, banks, supermarkets, and pharmacies. Monthly taxes are $420, and the $1805 condo fee encompasses electricity, water, building insurance, and janitorial services. Signage opportunities are available on doors and the electronic directory. This owner-user investment opportunity is offered at $361,200. Note that this condo unit is also available for lease

    Property Features for 3525 New Orleans Ln 70115

    General Information

    Property type
    Medical offices
    Square Feet
    1,505 SF

    HighLights

    • High‑visibility signage and electronic directory.
    • Excellent medical corridor location, directly across from Touro Infirmary (LCMC Health).
    • Convenient covered parking garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0923798
    Latitude
    29.9264754

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    FAQs

    What type of property is this?
    Medical office - Prime New Orleans location, 1505 sq ft.
    Where is this medical office located?
    The property is located at 3525 New Orleans Ln 70115 New Orleans, LA.
    What is the asking price?
    The asking price for this property is $361,200.
    What are key features of this property?
    This property features: High-visibility signage and electronic directory.; Excellent medical corridor location, directly across from Touro Infirmary (LCMC Health).; Convenient covered parking garage.
    Request Owner's contact information
    3525 New Orleans Ln 70115 New Orleans, LA 70115
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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.

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    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 New Orleans Ln 70115 New Orleans, LA 70115
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