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    882 Montegut St New Orleans, LA 70117

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    For Lease
    $6,300 /Mo ($18 SF/Yr)

    Prime retail/restaurant space in the heart of the Bywater.

    Property size:
    3,980 SF
    Lot size:
    2.05 Acres

    Property Features for 882 Montegut St

    General Information

    Size
    3,980 SF
    Lot size
    2.05 Acres

    Source: ben + burka Agent Abigail Schroeder

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

    Overview

    Bywater Retail/Restaurant Space Available

    Located in the Bywater, one of New Orleans’ historic and creative neighborhoods, 880 Montegut Street offers a 1,729 square foot white box space on the ground floor of the newly constructed BonVi building. The BonVi building contains 70 market rate residential units which have leased up since its completion in June 2022. The corner unit features large windows, an open floor plan, high ceilings, and street presence, providing natural light and visibility. An additional second-floor space is available, featuring an approximately 1,000 square-foot enclosed area and an approximately 1,255 square foot rooftop deck overlooking the neighborhood and pool. The HM-MU zoning allows for uses including restaurant (with bar), retail, and office. This space is located steps from neighborhood locations and is suitable for a restaurant or retail destination.
    Location Intelligence

    Current Use by Public Records

    BonVi Apartments Apartment Building

    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
    -90.0467309
    Latitude
    29.9659466

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    FAQs

    What type of property is this?
    Retail space - Prime retail/restaurant space in the heart of the Bywater.
    Where is this retail space located?
    The property is located at 882 Montegut St New Orleans, LA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of the Bywater, a historic and creative New Orleans neighborhood.; - High-visibility corner unit with large windows, strong street presence, and abundant natural light.; - Flexible HM-MU zoning allows for restaurant (with bar), retail, office, and other uses.
    (504) 569-5704
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    882 Montegut St New Orleans, LA 70117
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    New Orleans, LA 70117
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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
    882 Montegut St New Orleans, LA 70117
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