3100 Banks StNew Orleans, LA 70119

Property Details for 3100 Banks St

Lot size

0.39 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

105205005

APU

105205005

Description

This exceptional 2,091 square foot office space, located at 3100 Banks Street in New Orleans' vibrant Mid-City neighborhood, presents a unique opportunity for businesses seeking a modern and versatile workspace. Part of a newly constructed (2022) three-story mixed-use development, this space is currently entirely vacant and offers flexible configurations, with a minimum divisible space of 1,200 square feet. The unit boasts an open floor plan, abundant natural light from street-facing floor-to-ceiling windows, and access to a spacious raised terrace ideal for outdoor seating. Delivered in "white box" condition, the space allows for extensive customization to meet specific business needs. The building features convenient street parking. The property is situated near major medical centers, including the VA Hospital, Tulane and LSU Medical Centers, and numerous local businesses, ensuring high visibility and accessibility. This location within a Qualified Opportunity Zone may offer significant tax advantages. The building comprises 23 total suites across its three stories. All measurements are approximate and should be independently verified. Zoning and intended use are also the responsibility of the tenant to verify.

• CAP approach

  CAP return

  Valuation

  6%

  $2,696,203

  6.5%

  $2,488,802

  7%

  $2,311,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,296,928

  Geo Method

  $1,208,672

• Alternative Use

  Use

  Valuation

  Residential

  $3,086,115

  Hospitality

  $2,826,865

  Educational

  $2,351,918

  Medical

  $2,432,804

  Retail

  $3,658,540

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9655

Longitude

-90.0942

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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