1615 Poydras StNew Orleans, LA 70112

Property Details for 1615 Poydras St

Year built

1984

Lot size

1.26 AC

Property size (Sq ft)

696,253 SF

Property type

Office properties

Property subtype

Office buildings

APN

104103502

APU

104103502

Description

This Class A, 12,937 square foot office building at 1615 Poydras Street, Suite 900, New Orleans, LA 70112, offers a variety of flexible workspace options. Located in the heart of the Central Business District, directly across from the Mercedes-Benz Superdome, this property boasts a striking glass and green granite exterior and a modern, spacious interior renovated in 2019. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,330 square feet. Currently, 5,970 square feet are available. The property caters to various business needs, including executive office suites, coworking spaces, and creative office layouts, suitable for multiple tenants. Its convenient location provides easy access to public transportation and is within walking distance of numerous cafes, restaurants, shops, and parks. Building amenities include elevators. This Orleans Parish County property presents a unique opportunity for businesses seeking a prestigious and well-connected address in the vibrant New Orleans downtown area. The building's prime location and modern design make it an ideal choice for companies of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $110,412,848

  6.5%

  $101,919,552

  7%

  $94,639,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,110,796

  Geo Method

  $49,496,624

• Alternative Use

  Use

  Valuation

  Residential

  $126,380,240

  Hospitality

  $115,763,624

  Educational

  $96,313,976

  Medical

  $99,626,360

  Retail

  $149,821,744

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9531

Longitude

-90.0798

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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