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1055 Saint Charles Ave
New Orleans, LA 70130
K&B Plaza · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Architectural landmark - designed by famous architecture firm, has National Landmark status
- Walking Distance to world-class restaurants, museums, businesses, and more
- Prime location, along the St. Charles Streetcar line with easy access to the Pontchartrain Expressway
- Prestigious local legacy with the potential for a dynamic future
EXECUTIVE SUMMARY
1055 St. Charles Avenue is a distinguished, award-winning multi-tenant office building that offers a blend of architectural significance, innovative design, and exceptional flexibility. A large adjacent surface parking lot provides convenient parking or the opportunity to expand. The site is within easy access of all major points and attractions in New Orleans along one of the city’s primary streets.
Designed in 1962 by Skidmore, Owings and Merrill (SOM), this International Style building was first home to John Hancock Mutual Life Insurance. It was purchased in 1973 by K&B, Inc. and renamed K&B Plaza. The first floor is a spacious lobby overlooking the 8' high plaza, while floors 2-6 are home to office tenants. The 7th floor remains in use by K&B.
This is a rare opportunity to acquire a historically prestigious property that is well positioned to play a significant role in the future of New Orleans. As a National Historic Landmark property, this building qualifies for historic tax credits.
Designed in 1962 by Skidmore, Owings and Merrill (SOM), this International Style building was first home to John Hancock Mutual Life Insurance. It was purchased in 1973 by K&B, Inc. and renamed K&B Plaza. The first floor is a spacious lobby overlooking the 8' high plaza, while floors 2-6 are home to office tenants. The 7th floor remains in use by K&B.
This is a rare opportunity to acquire a historically prestigious property that is well positioned to play a significant role in the future of New Orleans. As a National Historic Landmark property, this building qualifies for historic tax credits.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
69,569 SF
Building Class
B
Year Built
1962
Price
$15,762,032 CAD
Price Per SF
$226.57 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
9,938 SF
Building FAR
0.69
Lot Size
2.33 AC
Opportunity Zone
Yes
Zoning
CBD-3
Parking
208 Spaces (2.99 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Fenced Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1-02-1-053-14 | Improvements Assessment | $251,676 CAD |
| Land Assessment | $977,272 CAD | Total Assessment | $1,228,948 CAD |
PROPERTY TAXES
Parcel Number
1-02-1-053-14
Land Assessment
$977,272 CAD
Improvements Assessment
$251,676 CAD
Total Assessment
$1,228,948 CAD
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