418 & 422 S Broad St

Centrally located along the Broad Street corridor, the property offers convenient access to Downtown New Orleans, Mid-City, the CBD, and surrounding neighborhoods, with I-10 just minutes away. The property is near several major employment and institutional anchors, including the New Orleans VA Medical Center, University Medical Center, Orleans Parish Criminal District Court, and other government offices. Whole Foods and Trader Joe’s are also nearby, along with continued investment and development throughout the Tulane Avenue and BioMedical District. Its central location, proximity to major employers, and easy interstate access make the property well positioned for a variety of commercial, residential, and mixed-use opportunities.418 & 422 S. Broad Avenue offers a unique opportunity for investors, developers, and owner-users. The offering includes an existing two-story building at 422 S. Broad and the adjoining vacant lot at 418 S. Broad, providing flexibility for immediate use, expansion, off-street parking, or future development. The first floor of 422 S. Broad was historically utilized as restaurant space, while the second floor was most recently occupied by an attorney’s office. The layout lends itself well to an owner-user looking to occupy a portion of the building while generating income from the remaining space. A restaurant operator could potentially convert the second floor to residential use, while an attorney or other professional user could occupy the upper floor and lease the ground-floor commercial space. The property may also offer additional upside through the potential use of eligible State and Federal Historic Tax Credits.