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Property profile & analytics

401 St Joseph St New Orleans, LA 70130

  • Office Properties & Spaces
  • 21,142 SF
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

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

Property Details for 401 St Joseph St

Year built
1905
Property size
21,142 SF
Property type
Office Properties & Spaces
Property subtype
Office space

Description

This exceptional Class A, three-story office building, totaling 21,142 square feet, is situated in New Orleans' vibrant Warehouse District at 401 St. Joseph St, zip code 70130. Built in 1905 and extensively renovated in 2017, the property boasts 19,050 net rentable square feet and currently enjoys 75.8% occupancy with two tenants under 10-year NNN leases commencing November 1, 2016. The current asking price is $4,995,000, translating to $236.26 per square foot. The building features impressive 15-foot ceiling heights on the second and third floors, and benefits from a strong net operating income (NOI) of $285,204. The property's prime location offers excellent visibility and proximity to key attractions including the Convention Center, Gallery Row, and Lafayette Square Park. Contract parking is available in adjacent lots. The building is equipped with three-phase power and a fully sprinklered system. The roof features a single-ply Durolast Inc system with a 15-year manufacturer warranty installed in 2007. The first floor, currently vacant (4,614 sq ft), presents a significant opportunity for additional income. Lease terms include rent bumps, and lease options are available. The lot size is 7,751 square feet, and the building is zoned CBD-6. The rooftop is engineered to support a potential 4,000 square foot addition. Financial details, surveys, and floor plans will be provided upon execution of a Non-Disclosure Agreement.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
New Orleans
County
Orleans
State
Louisiana
Longitude
-90.0688
Latitude
29.9436
More about this property
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