4,965 Square Foot Office Space For Sale @ 820 Union St

This offering presents an incredible opportunity for a developer to complete a historic tax credit conversion in the Central Business District. The subject property is a 3 story masonry office building with interior timber beams and a poured concrete slab. The Carondelet (river) side of the structure is approximately 30' deeper than the Baronne (lake) side, creating an enclosed approximately 638sf rear patio.

State and Federal Parts 1 & 2 have been completed for the property, utilizing a full set of architectural plans by Manning Architects to convert the property into two ground floor retail spaces totaling approximately 3,148sf and eight upstairs apartments. The apartment unit mix includes six (6) one bedroom apartments and two (2) two bedroom apartments. Full mechanical, electrical and plumbing plans have been completed as well. These documents shall all convey as part of the purchase price.

The building is mostly gutted and ready for redevelopment.

The property's location is ideally suited for a mixed use conversion. It is surrounded on all sides by similar residential, retail and hospitality redevelopment, including, but not limited to:

Hosptiality
-Ace Hotel on Carondelet Street
-Catahoula Hotel in the next block of Union Street
-Troubadour Hotel on Gravier Street
-Aloft & NOPSI Hotels on Baronne Street
-Canopy Hotel on Tulane Avenue
-Moxy Hotel on O'Keefe Avenue

Multi-Family
-Hibernia Tower apartments on Carondelet Street
-The Strand apartments on Gravier Street
-Four Winds apartments on Baronne Street
-The Pythian apartments on Rampart Street
-925 Common apartments on Common Street
-Stay Alfred vacation rentals on Gravier Street

The amenities in the CBD have grown exponentially in recent years, to include a full service grocery store and dozens of new restaurants and shops. Additionally, millions of dollars in public infrastructure improvements have been completed, including the extension of the Rampart streetcar line as well as many streetscape improvements and art installations.