For Sale
$4,995,000

401 St Joseph St New Orleans, LA 70130

Prime NNN investment, high NOI.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A, three-story office building, totaling 21,142 square feet, is situated in New Orleans' vibrant Warehouse District at 401 St. Joseph St, zip code 70130. Built in 1905 and extensively renovated in 2017, the property boasts 19,050 net rentable square feet and currently enjoys 75.8% occupancy with two tenants under 10-year NNN leases commencing November 1, 2016. The current asking price is $4,995,000, translating to $236.26 per square foot. The building features impressive 15-foot ceiling heights on the second and third floors, and benefits from a strong net operating income (NOI) of $285,204. The property's prime location offers excellent visibility and proximity to key attractions including the Convention Center, Gallery Row, and Lafayette Square Park. Contract parking is available in adjacent lots. The building is equipped with three-phase power and a fully sprinklered system. The roof features a single-ply Durolast Inc system with a 15-year manufacturer warranty installed in 2007. The first floor, currently vacant (4,614 sq ft), presents a significant opportunity for additional income. Lease terms include rent bumps, and lease options are available. The lot size is 7,751 square feet, and the building is zoned CBD-6. The rooftop is engineered to support a potential 4,000 square foot addition. Financial details, surveys, and floor plans will be provided upon execution of a Non-Disclosure Agreement.

Highlights

  • $4,995,000 asking price for a Class A, three-story, 21,142 square foot office building in New Orleans' Warehouse District.
  • Triple-net (NNN) lease investment with stable cash flow and a 75.8% occupancy rate.
  • Historic building renovated in 2017, featuring creative, executive, and traditional office spaces.
  • Convenient location near major attractions and with contract parking options available.

Property Details for 401 St Joseph St

Property type
Office properties, Office space
Square Feet
21,142 SF
Class
A
Year Built/Renovated
1905/2017
Stories
3

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
29.943633312462
Longitude
-90.06879203899

Nearby Similar for Sale

  • For Sale
    $1,200,000

    Mid-City Mixed-Use Building

    Bakery-anchored, prime New Orleans location.

    2438 Bell St
    New Orleans, LA
    View Details
  • For Sale
    $4,950,000

    Bywater Creative Office Building

    Prime New Orleans Office Space, $4.95M

    3317 Chartres St
    New Orleans, LA
    View Details
  • For Sale
    $2,400,000

    Uptown Historic Office Building

    Prime Uptown New Orleans Office

    1538 Louisiana Ave
    New Orleans, LA
    View Details
  • For Sale
    $1,800,000

    Camp Street Creative Office

    New Orleans investment opportunity: 8,655 SF, 100% occupied.

    1240 Camp St
    New Orleans, LA
    View Details
  • For Sale
    $1,245,000

    Bywater Mixed-Use Office Complex

    Prime Bywater location; 12,500 SF office, 4 apartments.

    3037 Royal St
    New Orleans, LA
    View Details
  • For Sale
    $185,000

    The Saxony: Bywater Live/Work Space

    Historic Bywater, 360 sq ft Creative Office, Vacant

    900 Bartholomew St
    New Orleans, LA
    View Details

FAQs

What type of property is this?
Office property - Prime NNN investment, high NOI.
Where is the office property located?
The property is located at 401 St Joseph St New Orleans, LA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: $4,995,000 asking price for a Class A, three-story, 21,142 square foot office building in New Orleans' Warehouse District.; Triple-net (NNN) lease investment with stable cash flow and a 75.8% occupancy rate.; Historic building renovated in 2017, featuring creative, executive, and traditional office spaces.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Cameron Griffin
Cameron Griffin
Mi Mi Bankston
Mi Mi Bankston
Visit Broker Website

Learn more

Useful Information

Request information

St Joseph St
New Orleans, LA 70130

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

St Joseph St
New Orleans, LA 70130

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

401 St Joseph St
  • Cameron Griffin
    Cameron Griffin
  • Mi Mi Bankston
    Mi Mi Bankston
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.