Historic Commercial Office
1-536 Bienville St New Orleans, LA 70112
1-536 Bienville St, New Orleans, LA, 70112
$645,000
For Sale
$645,000
First-floor suite with polished concrete, exposed brick, and private courtyard access, with elevator service in a landmark building.
Property Size1,368 SF
Price / SF$471.49
Days on Market112
Property Features for 1-536 Bienville St
General Information
- Standard status
- Active
- Size
- 1,368 SF
Listing agency
FQR Realtors
(504) 491-0484
Listed by
Michael Wilkinson · License #000001640
(504) 491-0484
Source
Exprealty
Added: Apr 2 Updated: Jul 21 at 9:56AM Checked: Jul 21 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FQR Realtors
Investment Insights
Based on property information with market context.
Located in a four-story French Quarter landmark building, this early 20th-century suite was constructed circa 1910 and features Austrian Secessionist architectural character. Unit #1 spans the entire first floor and is currently configured for a spa-style reception and salon area, including a kitchenette/service station, a loft-like open layout, and direct access to a private rear courtyard through oversized windows.
The space is anchored by a grand entry foyer with soaring ceilings and floor-to-ceiling grid windows that bring in natural light, while interior finishes include polished concrete floors and exposed original brick walls with pendant lighting. Elevator access is available within the building.
Zoned VCC-2 for commercial or residential use, the unit also retains the flexibility to revert to a residential layout. The operating business, Spa Atlantis, is not included in the sale.
The space is anchored by a grand entry foyer with soaring ceilings and floor-to-ceiling grid windows that bring in natural light, while interior finishes include polished concrete floors and exposed original brick walls with pendant lighting. Elevator access is available within the building.
Zoned VCC-2 for commercial or residential use, the unit also retains the flexibility to revert to a residential layout. The operating business, Spa Atlantis, is not included in the sale.
Key Highlights
- 4‑story landmark building at 534‑536 Bienville St, designed by Jordan McKenzie and constructed circa 1910 in Austrian Secessionist style
- Zoned VCC‑2 for commercial or residential use
- Unit #1 spans the entire 1st floor with 1,368 SF, featuring polished concrete floors, exposed original brick, and loft‑like open layout
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $22.80 |
| − Vacancy | −$4.3k | −$3.15 |
| EGI | $26.9k | $19.65 |
| − OpEx | −$6.7k | −$4.91 |
| NOI | $20.2k | $14.74 |
1,368 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$288.1K
$252.1K – $336.1K
NOI $20,165 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.7K
$304.2K – $405.7K
NOI $24,339 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spa & wellness properties
Similar For Sale Nearby
Similar Off Market Nearby
- Massage Wellness Day Spa — 1820 Belle Chasse Hwy, Gretna, LA 70056
FAQs
What type of property is this?
Spa & wellness property - First-floor suite with polished concrete, exposed brick, and private courtyard access, with elevator service in a landmark building.
Where is this spa & wellness property located?
The property is located at 1-536 Bienville St New Orleans, LA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 4‑story landmark building at 534‑536 Bienville St, designed by Jordan McKenzie and constructed circa 1910 in Austrian Secessionist style; Zoned VCC‑2 for commercial or residential use; Unit #1 spans the entire 1st floor with 1,368 SF, featuring polished concrete floors, exposed original brick, and loft‑like open layout
