Historic Mixed-Use
For Sale
Contact for pricing
1205 Bienville St, New Orleans, LA 70112
Two-level property combines a vacant commercial floor with planned residential space above.
Property Size4,237 SF
Price / SF$135.71
Days on Market191
Property Features for 1205 Bienville St
General Information
Standard status
Active
Size
4,237 SF
Property subtype
Mixed Use, Office, Retail
Zoning
HU-MU
Building Details
Year Built
1897
Buildings
1
Stories
2
Listing Agency:
Z Group
Listed By:
Zella May · License #LA 995704404
(504) 494-4463
Source:
Crexi
Added: Apr 9
Changed: Oct 8
Last Checked: Oct 16 at 8:46AM
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 Z Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1897, this 4,237-square-foot mixed-use property includes an unoccupied convenience-store floor and a second level planned for a three-bedroom, two-bath apartment. The ground floor layout can be adapted for restaurant, retail, or office use, while the upper-level renovation plans are included with the sale.
The building is in New Orleans’ historic Storyville district, near Basin and Canal Street. Renovation plans have received approval from the Historic District Landmarks Commission and the Department of Safety and Permits. Architectural drawings cover both the apartment renovation and a restaurant concept for the commercial level. The property also has approval for Part I and II Federal and State Historic Tax Credits. Zoning is HU-MU.
The building is in New Orleans’ historic Storyville district, near Basin and Canal Street. Renovation plans have received approval from the Historic District Landmarks Commission and the Department of Safety and Permits. Architectural drawings cover both the apartment renovation and a restaurant concept for the commercial level. The property also has approval for Part I and II Federal and State Historic Tax Credits. Zoning is HU-MU.
Key Highlights
- 4,237‑square‑foot mixed‑use building constructed in 1897
- HU‑MU zoning in New Orleans’ historic Storyville district
- Ground floor currently configured as an unoccupied convenience store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,318
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,360
$1.0M
Cap Rate 7%
$747,400
$747.4K
Cap Rate 9%
$581,311
$581.3K
Market Conditions
NOI Build-Up for 4,237 SF
Gross rent
$76.3K $18.00/SF
− Vacancy
−$1.5K −$0.36/SF
EGI
$74.7K $17.64/SF
− OpEx
−$22.4K −$5.29/SF
NOI
$52.3K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,360
Cap Rate 7%
$747,400
Cap Rate 9%
$581,311
Alternative Uses
Best Use
Mixed Use
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 9.95%
Second Best
Retail
$747.4K
$654.0K – $872.0K
NOI $52,318 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$1.08M
$942.3K – $1.26M
NOI $75,383 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,709
Businesses Nearby
272k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 69%
Shops & Services 13%
Dining 9%
Apparel 4%
The Ritz-Carlton, New Orleans
Hotels & Casinos
59,768 visits/mo
0.3 miles
Chevron
Shops & Services
23,516 visits/mo
0.2 miles
Holiday Inn New Orleans-Downtown Superdome
Hotels & Casinos
20,500 visits/mo
0.4 miles
Wyndham New Orleans - French Quarter
Hotels & Casinos
15,753 visits/mo
0.5 miles
Hampton Inn & Suites New Orleans Downtown
Hotels & Casinos
15,344 visits/mo
0.5 miles
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a vacant commercial floor with planned residential space above.
Where is this mixed-use property located?
The property is located at 1205 Bienville St New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4,237‑square‑foot mixed‑use building constructed in 1897; HU‑MU zoning in New Orleans’ historic Storyville district; Ground floor currently configured as an unoccupied convenience store
