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    401 Nashville Ave New Orleans, LA 70115

    For Sale
    $3,730,000

    Uptown property with historic school building and development potential.

    Property size:
    26,463 SF

    Property Features for 401 Nashville Ave

    General Information

    Size
    26,463 SF

    Source: Paul Richard Agent Paul Richard

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

    Overview

    Historic School Building in Uptown

    Located in the Uptown-Garden District Neighborhood, the property at 401 Nashville is bounded by Nashville Avenue, Laurel Street, Arabella Street, and Annunciation Street. The site is one half mile from Audubon Park and a fifteen-minute drive to Downtown New Orleans via Tchoupitoulas Street, Magazine Street, St. Charles Avenue, or S. Claiborne Ave/US 90 (34,940 VPD). The property, originally home to Arthur Ashe Elementary School, includes approximately 26,463 square feet of improvements across three buildings on approximately 0.91 acres. The historic school building, constructed in 1907, measures 20,722 square feet. A cafeteria building provides an additional 3,515 square feet, and the building at 5703 Annunciation offers 2,226 square feet. The property is zoned HU-RD2, Historic Urban Two-Family Residential District.
    Location Intelligence

    Current Use by Public Records

    Benjamin Franklin Elementary ... Public Educational Institution

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1194825
    Latitude
    29.9181765

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    FAQs

    What type of property is this?
    School - Uptown property with historic school building and development potential.
    Where is this school located?
    The property is located at 401 Nashville Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $3,730,000.
    What are key features of this property?
    This property features: - Located in the desirable Uptown-Garden District Neighborhood.; - Close proximity (0.5 miles) to Audubon Park.; - Historic (1907) school building with **20,722 SF of space**.
    (504) 957-5759
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    401 Nashville Ave New Orleans, LA 70115
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    New Orleans, LA 70115
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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
    401 Nashville Ave New Orleans, LA 70115
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