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330-336 N Norman C Francis 330-336 N Norman C Francis Pky 10,584 SF 100% Leased Office Building New Orleans, LA 70119 $2,200,000 ($207.86/SF) 8.96% Cap Rate
INVESTMENT HIGHLIGHTS
- All measurements are approximate/not guaranteed and are to be verified by the Purchaser. Zoning and Intended Use to be verified by the Purchaser.
EXECUTIVE SUMMARY
330-336 N Norman C Francis spans ±0.324 acres and features two connected (T-Shaped) buildings with off-street parking along both N Norman C. Francis Parkway and Conti Street.
330–332 N Norman C. Francis is a single-story structure totaling approximately 3,000 SF. 332 is currently occupied by a property management firm and 330 has recently been leased to a non-profit organization.
334–336 N Norman C. Francis is a two-story structure currently occupied by a diverse tenant mix, including an engineering consulting firm, a mental health provider, and the owner’s office.
The asset provides immediate in-place income with a cap rate of 8.96% and additional potential for an owner-user to occupy space within the building. Contact advisor(s) for detailed financial information.
The property is situated at the corner of N Norman C Francis Pkwy & Conti Street, in the vibrant Mid-City neighborhood of New Orleans. It’s conveniently located near City Park, the Fair Grounds, and just a short distance from the French Quarter and the CBD. Mid-City o?ers a dynamic mix of dining, bars, retail, and office.
Advance notice is required for tours - Please do not disturb tenants.
330–332 N Norman C. Francis is a single-story structure totaling approximately 3,000 SF. 332 is currently occupied by a property management firm and 330 has recently been leased to a non-profit organization.
334–336 N Norman C. Francis is a two-story structure currently occupied by a diverse tenant mix, including an engineering consulting firm, a mental health provider, and the owner’s office.
The asset provides immediate in-place income with a cap rate of 8.96% and additional potential for an owner-user to occupy space within the building. Contact advisor(s) for detailed financial information.
The property is situated at the corner of N Norman C Francis Pkwy & Conti Street, in the vibrant Mid-City neighborhood of New Orleans. It’s conveniently located near City Park, the Fair Grounds, and just a short distance from the French Quarter and the CBD. Mid-City o?ers a dynamic mix of dining, bars, retail, and office.
Advance notice is required for tours - Please do not disturb tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
10,584 SF
Building Class
B
Year Built
1960
Price
$2,200,000
Price Per SF
$207.86
Cap Rate
8.96%
NOI
$197,120
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,292 SF
Building FAR
0.74
Lot Size
0.33 AC
Zoning
HU-MU - Historic Urban Neighborhood Mixed-Use District
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 2-06-2-060-01 | Improvements Assessment | $46,370 |
| Land Assessment | $28,200 | Total Assessment | $74,570 |
PROPERTY TAXES
Parcel Number
2-06-2-060-01
Land Assessment
$28,200
Improvements Assessment
$46,370
Total Assessment
$74,570
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330-336 N Norman C Francis | 330-336 N Norman C Francis Pky
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