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    Mixed-Use Property on St. Charles Title is generated by Realmo AI

    1216-18 SAINT CHARLES Avenue, New Orleans, LA 70130

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    Claim this Listing
    For Sale
    $899,000

    COMMERCIAL - New Orleans, LA

    Property size:
    3,557 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $252/SF
    Added:
    Jan 29, 2026
    Days on Market:
    134
    Last Refresh:
    Jun 12 at 12:06 am

    Property Features for 1216-18 SAINT CHARLES Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    MU-1
    Standard status
    Active
    APN
    102104710
    Size
    3,557 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    SQ 187 LOT 24 ST CHARLES 26 9X135

    Utilities

    Water source
    Public

    Building Details

    Year built
    1942
    Floors in Building
    3

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    Listing Contact
    Adele Hunt

    Listing agent Adele Hunt License #995683195

    Listing office McEnery Residential, LLC 4901 Magazine Street, New Orleans, LA

    Listing date Jan 29, 2026

    MLS# 2540191

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on St. Charles Avenue with front‑row Mardi Gras parade views.
    • Mixed‑use property with leased commercial space and three residential units.
    • Private landscaped courtyard and rooftop terrace.
    • Excellent investment potential in a highly sought‑after area.
    • Easy access to downtown New Orleans and nearby interstates.
    • Flexibility for investors or owner‑occupants.

    Overview

    This mixed-use property is located on St. Charles Avenue and includes a leased commercial space on the street level, along with three residential units. The property offers flexibility for investors and owner-occupants. A landscaped private courtyard and a rooftop terrace accessible from one of the residential units provide outdoor living space. The property is situated in a sought-after area and has long-term potential. The lot size is 0.0829 acres, and the property size is 3557 square feet. The zoning is MU-1. The property is located in New Orleans, LA.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $85.4k $24.00
    − Vacancy −$8.5k −$2.40
    EGI $76.8k $21.60
    − OpEx −$28.8k −$8.10
    NOI $48.0k $13.50
    3,557 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $686.0K
    $600.3K – $800.3K (±1% cap)
    NOI $48,020 @ 7.0% cap · market cap 5.34%
    Second Best
    Retail
    $627.5K
    $549.0K – $732.0K (±1% cap)
    NOI $43,922 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    Office A
    $904.1K
    $791.1K – $1.05M (±1% cap)
    NOI $63,285 @ 7.0% cap · market cap 7.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0738815
    Latitude
    29.9408806

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 1216-18 SAINT CHARLES Avenue New Orleans, LA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Prime location on St. Charles Avenue with **front‑row Mardi Gras parade views.**; Mixed‑use property with leased commercial space and three residential units.; **Private landscaped courtyard and rooftop terrace.**
    More about this property
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