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1235 Saint Thomas St
New Orleans, LA 70130
Office Property For Sale
Investment Highlights
- Newly constructed mixed-use building with high-quality materials and architectural details.
- Central location near Magazine Street, CBD, and Mississippi River corridor.
- Convenient access to key dining, retail, and cultural destinations.
- Fully leased and stabilized asset with future owner-occupied adaptability.
- Located within the Lower Garden District, a high-demand and supply-constrained submarket.
Executive Summary
1235 St. Thomas Street is a newly constructed, 100% occupied/stabilized, mixed-use building situated in a central location with abudnant parking, offering a seamless blend of modern design and neighborhood charm. The property features high-quality construction, curated interior finishes, and a layout designed to accommodate a range of residential or mixed-use applications. Architectural details and material selections reflect a thoughtful approach to both aesthetics and functionality, creating a product that stands out in today’s market. The location provides immediate access to Magazine Street, the CBD, and the Mississippi River corridor, placing tenants and users within close proximity to some of the city’s best dining, retail, and cultural amenities. With continued growth and redevelopment throughout the Lower Garden District, 1235 St. Thomas represents a strong opportunity to acquire a turn-key, design-forward property in a highly desirable and supply-constrained submarket.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,754 SF
Building Class
B
Year Built
2021
Price
$1,750,000
Price Per SF
$368.11
Cap Rate
6%
NOI
$105,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,375 SF
Building FAR
1.82
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
R - Residential
Parking
1 Spaces (0.3 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1-02-1-024-08 | Improvements Assessment | $71,200 |
| Land Assessment | $10,300 | Total Assessment | $81,500 |
Property Taxes
Parcel Number
1-02-1-024-08
Land Assessment
$10,300
Improvements Assessment
$71,200
Total Assessment
$81,500
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