615 Baronne St New Orleans, LA 70113
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.
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The Hawthorne Agency, Inc. Marketing & Advertising Advertising Agency
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Stirling Properties Real Estate Agency
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STONE Diagnostics New Orleans Medical Laboratory
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STONE Diagnostics Medical Laboratory
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Mitchell & Associates, APLC Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.