1240 Camp StNew Orleans, LA 70130

Property Details for 1240 Camp St

Year built

1940

Lot size

0.20 AC

Property size (Sq ft)

8,520 SF

Property type

Retail properties

Property subtype

Retail space

APN

102103820

APU

102103820

Description

This exceptional Class A creative office building, located at 1240 Camp Street in New Orleans' Lower Garden District, presents a compelling investment opportunity. The 8,655 square foot property, built in 1995, sits on a 0.2-acre lot and boasts a prominent corner location at the intersection of Camp and Thalia Streets. Currently 100% occupied by a credit-rated tenant under a gross lease, the building offers a stabilized investment with a remaining lease term of approximately 1.6 years, expiring June 30, 2026, with renewal options. The property features 5,455 square feet of office space and an additional 3,200 square feet of garage space. The asking price is $1,800,000, translating to $207.97 per square foot. The building is zoned HU-B1A and benefits from its location within a short distance of the Central Business District, a two-way thoroughfare with bike lanes, and attractive landscaping. This single-story building offers unparalleled finishes and amenities, exceeding market standards. The property's strong tenant, Tabasco (McIlhenny Company), ensures a stable income stream. This is a rare opportunity to acquire a high-quality, well-located, and fully occupied commercial property in a desirable New Orleans neighborhood.

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9386

Longitude

-90.0722

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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