1477 Louisiana AveNew Orleans, LA 70115

Property Details for 1477 Louisiana Ave

Year built

1950

Lot size

0.25 AC

Property size (Sq ft)

10,800 SF

Property type

Office properties

Property subtype

Office buildings

APN

614222610

APU

614222610

Description

This exceptional 2,700-square-foot office space is ideally situated at the corner of Louisiana Avenue and Prytania Street in Uptown New Orleans. Recently renovated in 2019, this single-story building offers a blend of modern and traditional office design. The space features a flexible layout incorporating both an open floor plan for collaborative work and several private offices for focused tasks. Specifically, the layout includes three large conference rooms, six individual private offices, a well-equipped kitchen, a reception area, and a restroom. The property is ADA accessible, ensuring inclusivity and convenience. The building boasts a total of 10,880 square feet, divided into two suites, with ample parking for eight vehicles. The 0.25-acre lot is zoned HU-MU, allowing for a wide variety of permitted uses. Utilities and janitorial services are the responsibility of the tenant. This turnkey solution presents a fantastic opportunity for businesses seeking a move-in ready, well-appointed office space in a highly desirable Uptown location. The property features a total of eight parking spaces. This is a rare opportunity to lease a fully renovated, modern office space in a vibrant and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,712,680

  6.5%

  $1,580,936

  7%

  $1,468,012

• Comparable approach

  Method

  Valuation

  Relative Method

  $823,834

  Geo Method

  $767,772

• Alternative Use

  Use

  Valuation

  Residential

  $1,960,360

  Hospitality

  $1,795,679

  Educational

  $1,493,984

  Medical

  $1,545,364

  Retail

  $2,323,975

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9268

Longitude

-90.0904

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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