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    5500 St Claude Ave New Orleans, LA

    For Sale
    $699,000

    Large commercial building with ample parking on a signalized corner.

    Property size:
    12,665 SF
    Lot size:
    0.51 Acres

    Property Features for 5500 St Claude Ave

    General Information

    Size
    12,665 SF
    Lot size
    0.51 Acres

    Source: ben + burka Agent Aaron Kazanoff

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

    Overview

    Large Commercial Building on Corner

    This large commercial building, formerly operated as a Walgreens, is located on the signalized corner of St. Claude Avenue and Fats Domino Avenue. The property, with concrete masonry construction and a structural steel roof, has been gutted and is currently in shell condition, with no known structural issues. It features high ceilings, large roll up warehouse doors, and strong street presence. The property includes parking for 40+ vehicles. The HU-MU zoning allows for a multitude of commercial uses including retail, office, healthcare, and storage. The property has a size of 12665 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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.

    Similar Places Nearby

    Absolute Health & Wellness Pharmacy, Hands Feet Skin, Terione Brock

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.077003
    Latitude
    29.958529

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    FAQs

    What type of property is this?
    Drug store - Large commercial building with ample parking on a signalized corner.
    Where is this drug store located?
    The property is located at 5500 St Claude Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - High-traffic location on the signalized corner of St. Claude Avenue and Fats Domino Avenue.; - Ample off-street parking for 40+ vehicles.; - HU-MU zoning allows for a multitude of commercial uses (retail, office, healthcare, storage, etc.).
    (512) 799-3069
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    5500 St Claude Ave New Orleans, LA
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    New Orleans, LA
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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
    5500 St Claude Ave New Orleans, LA
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