Tulan Tower has been put on the market for $8,450,000 and is listed with Corporate Realty. Tulane Tower is located on Tulane Avenue in New Orleans and is a 10-story building that houses 111,000 square feet of office space. There is plenty of parking with a three-level attached 205-parking space deck and an additional two parking lots across from the building.
The new owner will have many advantages such as an in-place income, and opportunity for expansion and redevelopment. The listing also includes two additional lots located in Opportunity Zone (Zone 60). This means that the owner will benefit from both state and historic tax credits.
The building is located in Mid-City and is located on the thoroughfare that runs from Mid-City to downtown New Orleans. It also sits across from major transportation arteries and is minutes away from the Central Business District. It is also located close to the BioMedical District. This includes University Medical Center and Tulane Hospital. There is also a Whole Foods close by, the Broad Theater and the Lafitte Greenway. The Lafitte Greenway is a 2.6 -mile linear park that is used by pedestrians and bicyclists.
“Tulane Tower is a well-located office building with exceptional parking that has the potential to be a great investment for a value-add investor. We expect strong interest in this unique asset,” praises Michael J. Siegal, Corporate Realty president.
