601 Poydras StNew Orleans, LA 70130

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 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.

• 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

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

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