French Quarter Mixed-Use
401 Decatur Street New Orleans, LA 70130
401 Decatur Street, New Orleans, LA, 70130
$2,975,000
For Sale
$2,975,000
Prime French Quarter corner property with mixed-use redevelopment potential.
Property Size9,424 SF
Price / SF$315.68
Days on Market1210
Property Features for 401 Decatur Street
General Information
- Standard status
- Active
- Size
- 9,424 SF
- Property subtype
- COMMERCIAL FOR SALE/LEASE / Commercial
Building Details
- Year Built
- 200
Listing Agency
Jon Huffman Real Estate
(504) 405-8491
Listed by
Yosef Greenwald · License #995699035
(504) 405-8491
Source
Compass
Added: Mar 27, 2023 Checked: Jul 17 at 10:15 pm
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 Jon Huffman Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of the French Quarter, this prominent corner property at 401 Decatur Street, along with 505 & 507 Conti Street, comprises three interconnecting buildings. The elevator-serviced building presents a mixed-use redevelopment opportunity, combining retail space and upper floor apartments. The second floor space could be utilized for retail purposes. Situated on the 400 block of Decatur Street, the location benefits from a retail environment with numerous national retailers. This highly visible location experiences high tourist and local foot traffic. The property has a total size of 9424 square feet. Note that this property must be sold along with 509 Conti St.
Key Highlights
- Prime corner location in the heart of the French Quarter with high visibility and foot traffic.
- Mixed‑use redevelopment opportunity for retail and apartments.
- Three interconnecting buildings (401 Decatur Street, 505 & 507 Conti Street).
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 | $226.2k | $24.00 |
| − Vacancy | −$22.6k | −$2.40 |
| EGI | $203.6k | $21.60 |
| − OpEx | −$76.3k | −$8.10 |
| NOI | $127.2k | $13.50 |
9,424 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.82M
$1.59M – $2.12M
NOI $127,224 @ 7.0% cap · market cap 4.28%
Second Best
Retail
$1.66M
$1.45M – $1.94M
NOI $116,368 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.40M
$2.10M – $2.79M
NOI $167,669 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Prime French Quarter corner property with mixed-use redevelopment potential.
Where is this mixed-use property located?
The property is located at 401 Decatur Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Prime corner location in the heart of the French Quarter with high visibility and foot traffic.; Mixed‑use redevelopment opportunity for retail and apartments.; Three interconnecting buildings (401 Decatur Street, 505 & 507 Conti Street).
