941 Lafayette
Development opportunity 1 block off Poydras and a few blocks from the Superdome.
Marketing description
The subject property is a three-story, elevator serviced, fully sprinkled, class B buildingconstructed circa 1912. The improvements are located in New Orleans’ CBD at the northeastintersection of Lafayette Street and O'Keefe Avenue. The building measured approximately 100feet along O'Keefe Avenue and 90 feet along Lafayette Street for a total estimate of 27,000square feet. The building is in average shell condition with working utilities, a functioning freightelevator, and at least some working HVAC. There is minimal office space on the 2nd and 3rd floorsthat is believed to be noncontributory. The building is in average overall condition.The improvements consist of 27,000 square feet of net rentable area (NRA) as of the valuationdate. The property was reportedly built circa 1912 and is currently partially owner occupied.
Investment highlights
Redevelopment or owner user opportunity in the middle of it all. Just off Poydras Street on the corner of O'Keefe and Lafayette and a couple of blocks from the Caesars Superdome, this building and location can fill many different reimagined uses. Three story brick, 27,000 square foot structure can be the templet for Owner Occupant or investment development. Roll-up door access from O'Keefe St. into the freight elevator and a loading zone for easy shipping and delivery. Priced significantly below appraisal. Built in 1912 for use as the Overland Automobile and Truck assembly facility. In the 1920's it became home to Searcy and Pfaff LTD publishing and Eckert Book Binding.
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