601 Poydras StNew Orleans, LA 70130

  • Office properties
  • 1,009,605 SF
For Lease
$19/SF/YR View listing

Property Details for 601 Poydras St

Year built
1980
Lot size
1.50 AC
Property size (Sq ft)
1,009,605 SF
Property type
Office properties
Property subtype
Office buildings
APN
104101215
APU
104101215

Description

The Pan-American Life Center, a 28-story Class A office building in New Orleans' Central Business District, offers a prestigious address and flexible workspace. This granite-clad tower, renovated in 2021, boasts 672,742 square feet of total space, with 155,330 square feet currently vacant. Units range from 1,273 to 38,160 contiguous square feet, catering to diverse tenant needs. Located at 601 Poydras St, New Orleans, LA 70130, this iconic building is situated along the Poydras Corridor, just blocks from the French Quarter and Warehouse District. Its convenient location offers easy access to major office buildings, government offices, and courthouses. The building features 795 parking spaces within an eight-story structure, elevators, and efficient floor plates. The property is zoned CBD-1 in Orleans Parish and sits on a 1.38-acre lot. Its modern amenities and prime location make it an attractive option for both local and national tenants seeking a high-profile presence in the heart of New Orleans. The building's multiple tenancy structure allows for a variety of lease options. This is a truly exceptional opportunity to secure office space in one of New Orleans' most sought-after locations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $160,104,672
    6.5%
    $147,788,928
    7%
    $137,232,576
  • Comparable approach

    Method
    Valuation
    Relative Method
    $77,013,568
    Geo Method
    $71,772,816
  • Alternative Use

    Use
    Valuation
    Residential
    $183,258,272
    Hospitality
    $167,863,600
    Educational
    $139,660,544
    Medical
    $144,463,680
    Retail
    $217,249,728
601 Poydras St, New Orleans, Louisiana

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
29.9499
Longitude
-90.0699
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$653,220
$6,175,700
$6,828,920
-
$6,532,200
$41,171,350
$47,703,550

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