LGD Office Building With Parking For Sale; Owner User Opportunity

Description:

1222 Annunciation, a renovated historic Greek revival mansion, offers a premier standalone owner-user opportunity within New Orleans' LGD neighborhood with direct access to US-90 and the Crescent City Connection. Currently occupied by a law firm (lease end date Nov 2025), the building is available for the first time in several years and is situated within the completed, impressive Stables retail and office development which includes: 1229 St. Thomas (office, event space and co-working space), 1235 St. Thomas (home to The Tell Me Bar and office space) and 825 Thalia (office + STR).

There is onsite parking and plentiful off-street parking available making the building easily accessible.

Also of note, the building sits on an appealing oversized lot that is ~80’ wide by ~160’ deep which could present future development opportunities.

The building is ideal for an owner-occupier scenario, where an end user could occupy all or a portion of the office space (about 3900sf total across floors 1 and 2) while collecting rent on any unoccupied space. Further, the balance of the building is a third floor apartment leased for $1650/month providing additional income.

The building is offered for sale at $1,590,000.

1222 Annunciation Street, part of The Stables retail and office development - which includes 1229 St. Thomas, 1235 St. Thomas and 825 Thalia, is ideally positioned on the edge of the Lower Garden District neighborhood with direct access to New Orleans' Warehouse District, CBD and Downtown areas. In addition, 1222 Annunciation St provides attractive access to major thoroughfares such as US-90 and the Crescent City Connection. Within close proximity to the New Orleans Convention Center, the Port of New Orleans, and the currently under construction River District Development along the Mississippi River, 1222 Annunciation holds an enviable position within a long-term growth story in the city of New Orleans.