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Property profile

829 St Charles Ave New Orleans, LA 70130

OFF-MARKET
Office Spaces
44,716 SF Built 1920
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1920
Total area 44,716 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

829 St Charles Ave New Orleans, LA 70130
New Orleans metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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