1200 Poydras St - Freestanding CONDO FOR SALE


New Orleans, LA 70112
$9,950,000 USD
504-831-2363
1200 Poydras St, New Orleans, LA for Sale
$9,950,000 USD
Freestanding CONDO - FOR SALE
1/19
null | 6.58% Cap Rate

1200 Poydras St
New Orleans, LA 70112


HIGHLIGHTS

  • OUTSTANDING LOCATION: located at the intersection of Poydras St and Loyola Ave with over 54,000 vehicles daily and accessible via the Loyola Avenue St
  • RARE OPPORTUNITY: because this area is one of the highest in demand, opportunities to invest in properties like this one are becoming extremely
  • GROUND FLOOR: 4 separate NNN retail spaces totaling 17,270 square feet
  • SURGING DEMAND AND UPSIDE POTENTIAL: the location and continued revival of the city’s core has contributed to the area’s high demand. Significant inve

OVERVIEW

GROUND FLOOR: 4 separate NNN retail spaces totaling 17,270 square feet OUTSTANDING LOCATION: located at the intersection of Poydras St and Loyola Ave with over 54,000 vehicles daily and accessible via the Loyola Avenue Street Car Line. Walking distance to world class museums, fine-dining restaurants, art galleries, and theatres. Only 1 block away from Champion’s Square and the Mercedes Benz Superdome. SURGING DEMAND AND UPSIDE POTENTIAL: the location and continued revival of the city’s core has contributed to the area’s high demand. Significant investments have contributed to strong growth in recent years. RARE OPPORTUNITY: because this neighborhoodis one of the highest in demand, opportunitiesto invest in properties like this one are becoming extremely rare. This exceptional opportunity offers investors significant upside potential and limited downside risk because of its superior location in the market.

FOR SALE DETAILS

PRICE

$9,950,000 USD

PRICE/SF

$576 USD /SF

CAP RATE

6.58%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A Anchored Prime Downtown Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

58,000 SF

STORIES

6

BUILDING CLASS

A

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

393

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

1-03-1-059-46

ASK ABOUT THIS PROPERTY

Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

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Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.