909 Poydras StNew Orleans, LA 70112

Property Details for 909 Poydras St

Year built

1983

Lot size

0.69 AC

Property size (Sq ft)

736,350 SF

Property type

Office buildings

APN

104102101

APU

104102101

Description

The Bank Plus Tower, a Class A, 36-story office building located at 909 Poydras St, New Orleans, LA 70112, offers 545,145 square feet of traditional office space. Built in 1987, this iconic structure sits on a 0.55-acre lot and boasts 15 elevators (12 passenger, 2 parking garage, and 1 service) for efficient vertical transportation. The building provides convenient on-site parking with 520 spaces for tenants and visitors. Currently, there are 21 available office spaces ranging from 913 to 20,282 square feet, perfect for businesses of various sizes. Tenants and guests enjoy the benefit of a diverse range of amenities including the City Greens Restaurant, a sizable conference facility, a First Bank and Trust branch, and a convenience store. This exceptional property is situated in the heart of New Orleans' Central Business District, offering unparalleled access to the city's vibrant commercial and cultural scene. The building's multiple tenancy structure provides a dynamic and collaborative environment. This is a rare opportunity to secure space in one of New Orleans' most sought-after office towers.

• CAP approach

  CAP return

  Valuation

  6%

  $116,771,488

  6.5%

  $107,789,064

  7%

  $100,089,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,169,432

  Geo Method

  $52,347,120

• Alternative Use

  Use

  Valuation

  Residential

  $133,658,440

  Hospitality

  $122,430,416

  Educational

  $101,860,664

  Medical

  $105,363,808

  Retail

  $158,449,920

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9507

Longitude

-90.0737

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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