829 St Charles Ave New Orleans, LA 70130
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.
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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
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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.