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213 Baronne St 8,212 SF 100% Leased Office Building New Orleans, LA 70112 $1,725,000 ($210.06/SF)



Investment Highlights
- CBD Hospitality
Executive Summary
Very well zoned and well situated hospitality property for sale. Excellent event venue, bar, club and/or restaurant use with the potential for upper floor short-term rental or boutique hotel, in an incredibly well located position just two blocks to the French Quarter.
The building features separate entrances for the ground-level retail space and the upper stories, providing flexibility to accommodate multiple businesses or single-tenant occupancy. The first three (3) stories are elevator serviced. The fourth (4th) level contains a penthouse structure at the rear of the property which leads out to a huge deck spanning the all the way to the street. The active rooftop provides exciting city views and endless possibilities.
The price per square foot is well supported at $210 per SF, with entry pricing well below replacement cost. The structure may also be eligible for Federal and State Historic Tax Credits for qualifying renovation costs. Please contact broker for more information on available tax incentives for redevelopment.
The building features separate entrances for the ground-level retail space and the upper stories, providing flexibility to accommodate multiple businesses or single-tenant occupancy. The first three (3) stories are elevator serviced. The fourth (4th) level contains a penthouse structure at the rear of the property which leads out to a huge deck spanning the all the way to the street. The active rooftop provides exciting city views and endless possibilities.
The price per square foot is well supported at $210 per SF, with entry pricing well below replacement cost. The structure may also be eligible for Federal and State Historic Tax Credits for qualifying renovation costs. Please contact broker for more information on available tax incentives for redevelopment.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,212 SF
Building Class
B
Year Built
1941
Price
$1,725,000
Price Per SF
$210.06
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,003 SF
Building FAR
2.69
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
CBD-1
Amenities
- Conferencing Facility
- Central Heating
- Partitioned Offices
- Wi-Fi
- Air Conditioning
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 1-05-1-017-02 | Improvements Assessment | $53,510 |
| Land Assessment | $18,160 | Total Assessment | $71,670 |
Property Taxes
Parcel Number
1-05-1-017-02
Land Assessment
$18,160
Improvements Assessment
$53,510
Total Assessment
$71,670
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213 Baronne St
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