2725 Broad StNew Orleans, LA 70125

Property Details for 2725 Broad St

Year built

1920

Lot size

0.33 AC

Property size (Sq ft)

10,888 SF

Property type

Retail properties

Property subtype

Strip malls

APN

412406407

APU

412406407

Description

This exceptional 2,896 square foot office space is available for lease at 2725 S Broad Street in New Orleans, Louisiana. Located on the second floor of a well-maintained building, this property offers a versatile layout suitable for various business types. The space is classified as a traditional office, creative office, executive office, and is also suitable for coworking arrangements. The entire 2,896 square feet is available as a single tenancy, offering a cohesive and private workspace. The building features a shared parking lot exclusively for tenants, ensuring convenient parking for employees and clients. The interior is in very good condition and the location provides easy accessibility. This is an excellent opportunity for a business seeking a well-maintained, conveniently located office space in a thriving area of New Orleans. The asking rent is $16 per square foot. This property presents a unique chance to establish or expand your business in a desirable and functional setting. Don't miss this chance to secure your ideal office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,538,154

  6.5%

  $2,342,912

  7%

  $2,175,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,092,977

  Geo Method

  $1,950,550

• Alternative Use

  Use

  Valuation

  Residential

  $1,976,333

  Hospitality

  $1,810,311

  Educational

  $1,506,157

  Medical

  $1,557,956

  Retail

  $2,342,912

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9516

Longitude

-90.1003

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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