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    218 N Telemachus St New Orleans, LA 70119

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    For Sale
    $446,000

    HU-MU zoned lot suitable for retail, multi-family, or mixed-use.

    Lot size:
    0.16 Acres

    Property Features for 218 N Telemachus St

    General Information

    Lot size
    0.16 Acres

    Source: Talbot Realty Group Agent Talbot Realty Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mid-City Development Opportunity

    This property presents a development opportunity in Mid-City. Zoned HU-MU, the lot is suitable for various uses, including retail, multi-family, or mixed-use development. The seller prefers to sell this lot together with the property located at 3618 Bienville Street, potentially facilitating a larger-scale project. The property is situated in a vibrant neighborhood with convenient access to major thoroughfares and local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0954055
    Latitude
    29.9731341

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    FAQs

    What type of property is this?
    Land - HU-MU zoned lot suitable for retail, multi-family, or mixed-use.
    Where is this land located?
    The property is located at 218 N Telemachus St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $446,000.
    What are key features of this property?
    This property features: - Prime development opportunity in the heart of Mid-City.; - HU-MU zoning allows for retail, multi-family, or mixed-use development.; - Opportunity for a larger-scale project by purchasing with adjacent lot (3618 Bienville Street, MLS# 2462282).
    Request Owner's contact information
    218 N Telemachus St New Orleans, LA 70119
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    New Orleans, LA 70119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 N Telemachus St New Orleans, LA 70119
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