211 Camp StNew Orleans, LA 70170

Property Details for 211 Camp St

Lot size

0.13 AC

Property type

Office properties

Property subtype

Office buildings

APN

105101211

APU

105101211

Description

This exceptional redevelopment opportunity presents a unique chance to acquire the Norman Mayer Building, a historically significant six-story structure located at 211 Camp Street in New Orleans, Louisiana, 70170. Situated on a 6,500 square foot lot, this vacant, 36,631 square foot mixed-use building is zoned CBD-1, offering significant potential for a variety of uses. Currently, the property is part of the former Hancock Whitney Bank complex and requires separation from the main complex as part of the redevelopment process. The asking price is $5,500,000, translating to $150.15 per square foot. Detailed floor plans are available upon request. This prime location in the heart of New Orleans' central business district presents an unparalleled chance to transform a landmark building into a thriving commercial or hospitality venture. The building's architectural significance adds considerable value and presents a unique opportunity for a developer seeking a high-profile project. The vacant status allows for complete design flexibility and immediate commencement of redevelopment. This is a rare chance to acquire a substantial property in a vibrant and growing urban core. Further information and detailed floor plans are available.

• CAP approach

  CAP return

  Valuation

  6%

  $868,392

  6.5%

  $801,593

  7%

  $744,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,714

  Geo Method

  $389,289

• Alternative Use

  Use

  Valuation

  Residential

  $993,975

  Hospitality

  $910,476

  Educational

  $757,505

  Medical

  $783,557

  Retail

  $1,178,342

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9515

Longitude

-90.069

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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