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209 N Broad St 4,200 SF 100% Leased Office Building New Orleans, LA 70119 $625,000 ($148.81/SF)
Executive Summary
Prime investment property on bustling North Broad Street in Mid-City. This two-story building offers an excellent opportunity for an owner to occupy the second floor while benefiting from rental income on the ground floor.
Located directly across from Whole Foods Market and surrounded by a vibrant mix of local and national businesses. 209 N. Broad Street sits just one block from Canal Street, offering excellent visibility and convenient accessibility. The property is zoned HU-MU and features both on-street and off-street parking, with multiple dedicated spaces in the rear.
• Ground Floor: Approximately 2,100 SF, currently leased on a 3-year term.
• Second Floor: Approximately 2,060 SF, currently owner-occupied.
Located directly across from Whole Foods Market and surrounded by a vibrant mix of local and national businesses. 209 N. Broad Street sits just one block from Canal Street, offering excellent visibility and convenient accessibility. The property is zoned HU-MU and features both on-street and off-street parking, with multiple dedicated spaces in the rear.
• Ground Floor: Approximately 2,100 SF, currently leased on a 3-year term.
• Second Floor: Approximately 2,060 SF, currently owner-occupied.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,200 SF
Building Class
C
Year Built/Renovated
1980/2019
Price
$625,000
Price Per SF
$148.81
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,100 SF
Building FAR
1.07
Lot Size
0.09 AC
Zoning
HU-MU
Parking
4 Spaces (0.95 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2-06-2-042-18 | Improvements Assessment | $39,890 |
| Land Assessment | $7,740 | Total Assessment | $47,630 |
Property Taxes
Parcel Number
2-06-2-042-18
Land Assessment
$7,740
Improvements Assessment
$39,890
Total Assessment
$47,630
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209 N Broad St