601 Poydras StNew Orleans, LA 70130
- Office properties
- 1,009,605 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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