234 Loyola Ave, New Orleans, LA 70112

The historic Pythian Building at 234 Loyola Avenue presents a rare and dynamic investment opportunity. This mixed-use asset underwent an ambitious $46 million renovation in 2017, carefully restoring and modernizing the building while preserving its iconic architectural character.

The property features 69 residential apartments above three floors of versatile commercial space, currently improved with office suites on floor 3, an event venue on floor 2, and a former food hall on the ground floor. The building benefits from highly favorable CBD zoning that permits a broad range of uses, including hotel and short-term rental, hotel operations and multi-family housing that includes workforce housing, ideal for repositioning or redevelopment.

The Pythian enjoys exceptional proximity to both the city’s major tourist destinations and its core economic base. It is ideally positioned just steps from the French Quarter, Caesars Superdome and Smoothie King Center as well as within walking distance of both the CBD’s daytime office population and, most importantly, the growing medical district.

This premier location, coupled with the building’s scale, thoughtful renovation, history, and zoning flexibility, result in the Pythian being a compelling offering in the New Orleans real estate market.

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