322 Lafayette St, New Orleans, LA 70130

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Building Details:

322 Lafayette St is located in New Orleans, LA.

Beautiful 3 story masonry office building in the red hot Warehouse District. Redevelopment activity on all sides, including, but not limited to the following:

-Piazza d'Italia: an RFP to redevelop this venerable public space and two adjacent parking lots was recently issued by the City - across the street
-Cambria Hotel: fully approved 162 room boutique hotel scheduled to open Winter 2016 - .5 block
-Old No. 77 Hotel & Chandlery: re-opened Spring 2015 after a top-to-bottom renovation, featuring a brand new restaurant by Nina Compton of Top Chef: New Orleans - 1 block
-637 Tchoupitoulas: the new home of Revelator Coffee (now open) and St. James Cheese Company (coming soon) - 1.5 blocks
-425 Notre Dame: record setting condo sales - 2 blocks
-Renaissance Arts Hotel: recently welcomed Legacy Kitchen into its restaurant space - 2 blocks
-The Outlet Collection at Riverwalk: re-opened a little more than a year ago following a full renovation, making it the nation's first downtown outlet center - 2 blocks

The building currently houses offices on the upper floors with retail (approximately 800sf), parking and a small rear alley on the ground floor. All leases are either month-to-month or cancelable with 90 days' notice. The building is serviced by an elevator and rear stairwell.

In 2007, a three unit condominium regime was implemented - see attached condo survey.

The building's 2015 operating expenses were as follows:

-real estate taxes: $16,215
-hazard insurance: $11,197
-flood insurance: $2,489

Current rents total $4,550/mth.

The new comprehensive zoning ordinance will take permitted height for this site from 50' to 65' and 5 stories.