147 Carondelet St New Orleans, LA 70130-2586
This exceptional six-story, 41,922 square foot building, constructed in 1923, presents a unique redevelopment opportunity in New Orleans' Central Business District (CBD). Formerly a Federal Reserve Bank branch, this vacant property boasts a prime location on Carondelet Street, directly facing the St. Charles Avenue streetcar line, just one block from the intersection of Canal and Bourbon Streets. Its proximity to the French Quarter, Warehouse District, and Medical District ensures excellent visibility and accessibility. The building is offered free and clear of all encumbrances, providing a clean slate for future development. A significant advantage is the inclusion of 25 complimentary parking spaces secured through a long-term agreement with the Pere Marquette Garage, extending for nearly 80 more years. This mixed-use property, previously utilized as a bank, executive office space, and event venue, offers substantial potential for various commercial ventures. The asking price is $6,000,000, translating to $143.12 per square foot. This is a rare chance to acquire a distinguished historic building in a thriving, high-traffic area of New Orleans.
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David Oreck Candle Company Corporate Office Business Service Center Corporate Office
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Bruno Inc General Contractor
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Federal Ballroom Wedding Service
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147 Carondelet New Orleans, LA 70130 Real Estate Agency
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nxxio Federal Courthouse
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.