209 Broad StNew Orleans, LA 70119

Property Details for 209 Broad St

Year built

1960

Lot size

0.13 AC

Property size (Sq ft)

4,160 SF

Property type

Office properties

Property subtype

Office buildings

APN

206204235

APU

206204235

Description

This exceptional two-story, 4,160 square foot office building presents a unique investment or leasing opportunity in New Orleans' vibrant Mid-City neighborhood. Located at 209 N. Broad Street, this property boasts high visibility across from Whole Foods Market and is surrounded by a mix of local and national businesses. The building features two suites, with a minimum divisible space of 2,100 square feet and a maximum contiguous space of 4,160 square feet. The ground floor is currently available for lease, while the second-floor tenant is on a month-to-month lease, offering flexibility for potential buyers or lessees. The entire building is also available for sale. Tenants and buyers will benefit from the convenient location between downtown New Orleans and City Park, just two blocks from the streetcar line. The property includes a 5,568 square foot lot and offers 10 off-street parking spaces in the rear. The building is zoned HU-MU in Orleans Parish, Louisiana, and offers a compelling opportunity for businesses seeking a prominent location in a thriving area. This mixed-use property is ideal for a variety of businesses seeking high visibility and convenient access to major thoroughfares and public transportation. The building's size and layout provide flexibility for various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $659,699

  6.5%

  $608,953

  7%

  $565,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,328

  Geo Method

  $295,734

• Alternative Use

  Use

  Valuation

  Residential

  $755,102

  Hospitality

  $691,669

  Educational

  $575,461

  Medical

  $595,252

  Retail

  $895,161

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.967

Longitude

-90.0867

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.