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625 Celeste St
New Orleans, LA 70130
Office Property For Sale
Executive Summary
Rare investment opportunity to acquire leased office and warehouse space blocks from rapidly growing Riverfront Development area. The property is currently leased through May 31, 2028, with potential for early termination by mutual agreement between the tenant and the new owner. Contact agent for further details on the current lease. Located just a few blocks from the Riverfront Development and directly across from Walmart, the property fronts Celeste, Felicity, and St. Thomas Streets. Key features include: 42,653 SF Gross Building Area 25,252 SF three-story office building with modern renovations, featuring exposed brick walls, high ceilings, and a mix of private suites and flexible workspaces. The third floor is partially built out for additional office or flex space. 13,270 SF warehouse with a roll-up door ramped into the building from St. Thomas Street, plus two additional roll-up doors boasting a large loading dock with ceiling heights ranging from 11'4" to 19'4" on Celeste Street. The warehouse offers flexibility for additional office build-out, interior parking, warehousing, or storage. 4,380 SF gated parking lot with 12 marked spaces. 30,636 SF Land Area Zoned MU-2, this property offers extremely generous use options, making it desirable a developer or end user looking to generate income while planning for future redevelopment or expansion.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
42,653 SF
Building Class
B
Year Built
2015
Price
$2,690,666
Price Per SF
$63.08
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,218 SF
Slab To Slab
9’
Building FAR
1.40
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
MU-2 - High Intensity Mixed Use
Parking
17 Spaces (0.4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Property Manager on Site
- Security System
- Kitchen
- High Ceilings
- Shower Facilities
- Wi-Fi
- Balcony
Property Taxes
| Parcel Number | 1-01-1-021-10 | Improvements Assessment | $163,500 |
| Land Assessment | $38,850 | Total Assessment | $202,350 |
Property Taxes
Parcel Number
1-01-1-021-10
Land Assessment
$38,850
Improvements Assessment
$163,500
Total Assessment
$202,350
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