Historic Corner Commercial
1501 ORETHA C. HALEY Boulevard, New Orleans, LA 70113
New
COMMERCIAL - New Orleans, LA
Property size:
3,878 SFLot size:
0.19 AcresPrice / SF:
$219/SF- Added:
- May 28, 2026
- Days on Market:
- 2
- Last Refresh:
- May 29 at 10:06 pm
Property Features for 1501 ORETHA C. HALEY Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU-2
- Standard status
- Active
- APN
- 1501-ORETHACHALEYBL
- Size
- 3,878 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- SQ 281 LOT 6-A ORETHA C HALEY BLVD AND MARTIN L KING BLVD 63.9X127.10.5
Utilities
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 2
Listing agent Chris Smith License #09641 (504) 862-0100
Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA (504) 862-0100
Listing date May 28, 2026
MLS# 2560215
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 in Central City, a rapidly evolving corridor near the Warehouse District, CBD, and Downtown Medical Corridor.
- Valuable MU‑2 Mixed Use zoning allows for a wide variety of commercial and residential uses.
- Eligible for Historic Tax Credits, providing significant financial incentives for redevelopment.
- Rare and highly desirable secure off‑street parking, a major asset for commercial properties.
- Commanding corner position on an oversized lot (approx. 64' x 127') with excellent visibility and strong traffic exposure.
- Substantial all brick & masonry building, a blank canvas for transformative restoration.
Overview
This substantial all brick and masonry commercial building is prominently positioned on a commanding corner in the heart of Central City. The property is situated a few blocks from the Warehouse District, CBD, Downtown Medical Corridor, and the O.C. Haley commercial area. The structure consists of 2 levels and requires a full renovation, presenting a blank canvas for a transformative restoration project. It is eligible for Historic Tax Credits, potentially creating financial incentives for redevelopment and adaptive reuse. The site is positioned on an approximately 64' wide x 127' deep lot with visibility, street presence, and traffic exposure. An adjoining side lot provides off-street parking. The MU-2 Mixed Use zoning designation allows for a range of potential uses, including a restaurant, cafe, coffee shop, bar, lounge, retail storefront, professional office space, art gallery or creative studio, residential apartments, live/work spaces, boutique hotel or short-term lodging (subject to city approvals), or mixed-use commercial and residential development. The surrounding area is experiencing public and private investment with new restaurants, cafes, galleries, offices, luxury residential developments, hospitality projects, and neighborhood improvements. The property, totaling 3878 square feet, is located between Downtown New Orleans and Central City. This historic property offers potential for a flagship commercial space, a mixed-use redevelopment, boutique hospitality concept, creative campus, residential conversion, or long-term investment hold.
Local Financial Insights For Office B
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 | $88.4k | $22.80 |
| − Vacancy | −$12.2k | −$3.15 |
| EGI | $76.2k | $19.65 |
| − OpEx | −$19.1k | −$4.91 |
| NOI | $57.2k | $14.74 |
3,878 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$816.6K
$714.5K – $952.7K
NOI $57,162 @ 7.0% cap · market cap 6.72%
Second Best
Specialty Retail
$781.8K
$684.1K – $912.1K
NOI $54,726 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$985.7K
$862.5K – $1.15M
NOI $68,996 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0828
- Latitude
- 29.9429
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-level commercial building in a dynamic New Orleans corridor.
Where is this mixed-use property located?
The property is located at 1501 ORETHA C. HALEY Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location in Central City, a rapidly evolving corridor near the Warehouse District, CBD, and Downtown Medical Corridor.; Valuable MU‑2 Mixed Use zoning allows for a wide variety of commercial and residential uses.; Eligible for Historic Tax Credits, providing significant financial incentives for redevelopment.
