615 Baronne St New Orleans, LA 70113
- Office Properties & Spaces
- 25,700 SF
Current Use by Public Records
- The Hawthorne Agency, Inc. / Public Relations Firm
- Stirling Properties / Real Estate Agency
- STONE Diagnostics New Orleans / Medical Laboratory
- STONE Diagnostics / Medical Laboratory
- Mitchell & Associates, APLC / Trial Attorney / Personal Injury Attorney
Property Details for 615 Baronne St
- Year built
- 1910
- Property size
- 25,700 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This three-story, 25,700 square foot Class B office building, located at 615 Baronne Street in New Orleans, Louisiana, is offered for sale at $3,300,000 ($128.40/sq ft). Built in 1910 and renovated in 1999, the multi-tenant property currently boasts 72% occupancy. The building features 14 parking spaces in a separate lot at 641 Baronne Street. Situated in the heart of New Orleans, at the intersection of the Arts, Sports, and Warehouse districts, this property enjoys excellent access to I-10 and is surrounded by recent developments including the South Market District and the Virgin Hotel. Zoned CBD-5, permitted uses are diverse and include office, multi-family, retail, and more. The building offers one elevator, keypad entry, and a monitored fire panel. This presents a unique opportunity for owner/users or investors seeking redevelopment potential, with the added benefit of available state and federal historic tax credits and Opportunity Zone designation. The 12,413 square foot lot provides ample space for future expansion or repurposing. This property is an exceptional investment in a thriving New Orleans neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.0736
- Latitude
- 29.9484
