1200 Poydras StNew Orleans, LA 70113

Property Details for 1200 Poydras St

Year built

2017

Lot size

0.25 AC

Property size (Sq ft)

41,723 SF

Property type

Office properties

APN

103105946

APU

103105946

Description

This exceptional Class A retail space, located at 1200 Poydras St, Suite 103 in New Orleans, LA 70113, offers 7,705 - 11,406 rentable square feet, including a mezzanine. Part of a 6-story mixed-use development built in 2017, this ground-floor space boasts a prime location on the heavily trafficked corner of Loyola and Poydras Streets, directly across from a streetcar stop and a block from the South Market District. The building features 4 elevators and 400 total parking spaces, including a four-floor garage with 338 spaces. This location benefits from an 88 walk score and traffic counts exceeding 70,000 ADT. The space is anchored by Chick-fil-A and Dave & Buster's, ensuring high foot traffic. The suite itself includes a small concessions area, two bathrooms, a private dining room, a management office, and potential for outdoor seating. A ~1,100 square foot mezzanine is available at a reduced rent of $17.50/RSF (main floor rent is $35/RSF), with no NNN charges on the mezzanine. An adjacent suite with a full kitchen, hood system, and grease trap is available for expansion. The property enjoys direct access to a skybridge connecting to a Hyatt House and Hyatt Regency Hotel, plus 1,000,000 square feet of office space. This versatile space is ideal for a variety of uses, from restaurants to entertainment venues, placing your business in the heart of New Orleans' most dynamic district.

• CAP approach

  CAP return

  Valuation

  6%

  $6,616,496

  6.5%

  $6,107,534

  7%

  $5,671,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,182,668

  Geo Method

  $2,966,088

• Alternative Use

  Use

  Valuation

  Residential

  $7,573,343

  Hospitality

  $6,937,142

  Educational

  $5,771,620

  Medical

  $5,970,115

  Retail

  $8,978,076

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9504

Longitude

-90.0764

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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