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Opportunity Zone

Exceptional Real Estate in Exceptional Location

Historic 3-Building Property in Downtown New Orleans

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Active

Asking Price: $5,900,000
Address 

320 Camp St, New Orleans, LA 70130

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Date Added
Sep 12, 2023
Days on Market
561 days
Time Since Last Update
14 days

Details

Property TypeOffice
SubtypeTraditional Office
ClassB
TenancyVacant
Square Footage38,729
Price/Sq Ft$152.34
Buildings3
Stories4
ZoningCBD-2

Marketing Description

These three interconnecting buildings, formerly the home of Peter Mayer Advertising, are offered for sale.​ Comprising a total of 38,729 sf in the heart of downtown New Orleans, this is a perfect development opportunity for multi family, hospitality, or co-working.​ Originally built in the 1800s, these three buildings will be able to get both state and federal historic tax credits (HTCs).​ The HTCs will allow a developer to recoup over 30% of its renovation costs.​

Each building consists of four floors that connect on each level.​ This masterfully-done renovation preserves the character of the buildings while providing contemporary interiors.​ The property spans the width of a downtown block, with the fronts of the buildings facing Camp Street and the backs providing access to Picayune Place.​

The property is only one and a half blocks from Poydras Street, a primary thoroughfare for the Central Business District, and adjacent to Class A office buildings, hotels, and restaurants.​ It is also only two blocks from Canal Street and the French Quarter.​ This is an exceptional commercial real estate opportunity.​

The buildings:
1.​ 318 Camp St is a four-story, 18,872-sf building.​ It features a soaring four-story glass atrium, state-of-the-art conference rooms and technology, a large open lounge area with kitchen, contemporary office spaces, and a glass-backed elevator.​

2.​ 320 Camp St is a four-story, 9,923-sf building constructed of brick that features double show windows.​

3.​ 324 Camp St is a four-story, 9,934-sf building that served as the original home of Peter Mayer Advertising.​ It features original pressed tin ceilings, skylights, and a vintage elevator.​

Investment Highlights

  • Amazing historic buildings

  • Located in the heart of the CBD

  • Historic tax credits available

  • Ample surface and covered parking nearby

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Due Diligence

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