Second-Floor Spa
For Sale
$595,000
2-536 Bienville St, New Orleans, LA 70112
Commercially configured wellness space with treatment rooms, original hardwood, exposed brick, and a finished shower suite.
Property Size1,616 SF
Price / SF$368.19
Days on Market189
Property Features for 2-536 Bienville St
General Information
Standard status
Active
Size
1,616 SF
Zoning
VCC-2
Additional Details
Floor
2
Building Details
Year Built
1910
Buildings
1
Stories
4
Owner Occupied
Yes
Listing Agency:
FQR Realtors
(504) 949-5400
Listed By:
Michael Wilkinson · License #000001640
(504) 491-0484
Source:
Exprealty
Added: Apr 2
Changed: Oct 2
Last Checked: Oct 5 at 7:29PM
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 FQR Realtors
Investment Insights
Based on property information with market context.
Unit #2 occupies the full second floor of a four-story building at 534-536 Bienville Street in New Orleans’ French Quarter. The 1,616-square-foot suite is arranged for spa operations with approximately four private treatment rooms, a locker and robe room, and a finished shower suite. Original hardwood flooring, exposed brick, and tall windows add substantial architectural character.
Constructed circa 1910 and designed by architect Jordan McKenzie, the building reflects early 20th-century Austrian Secessionist design and retains three original concrete figures on its façade. VCC-2 zoning supports commercial or residential use, and the unit may be adapted for professional office, creative studio, or residential purposes. The current spa business, Spa Atlantis, is not included in the sale.
Constructed circa 1910 and designed by architect Jordan McKenzie, the building reflects early 20th-century Austrian Secessionist design and retains three original concrete figures on its façade. VCC-2 zoning supports commercial or residential use, and the unit may be adapted for professional office, creative studio, or residential purposes. The current spa business, Spa Atlantis, is not included in the sale.
Key Highlights
- 1,616 SF second‑floor unit occupying the entire floor
- Approximately four private treatment rooms with locker and robe room
- Finished shower suite, original hardwood floors, exposed brick, and tall windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,820
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,400
$476.4K
Cap Rate 7%
$340,286
$340.3K
Cap Rate 9%
$264,667
$264.7K
Market Conditions
NOI Build-Up for 1,616 SF
Gross rent
$36.8K $22.80/SF
− Vacancy
−$5.1K −$3.15/SF
EGI
$31.8K $19.65/SF
− OpEx
−$7.9K −$4.91/SF
NOI
$23.8K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,400
Cap Rate 7%
$340,286
Cap Rate 9%
$264,667
Alternative Uses
Best Use
Office B
$340.3K
$297.8K – $397.0K
NOI $23,820 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.7K
$359.4K – $479.2K
NOI $28,751 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,442
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in New Orleans, LA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Zen Therapies NOLA — 220 Julia St, New Orleans, LA 70130
- Hidden Root Acupuncture — 639 Julia St, New Orleans, LA 70130
- Southern Skin and Wellness — 644 Camp St, New Orleans, LA 70130
- Caesar's New Orleans Health — 555 Convention Center Blvd, New Orleans, LA 70130
- Anders Ridge Wellness — 1107 Poydras St, New Orleans, LA 70112
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Commercially configured wellness space with treatment rooms, original hardwood, exposed brick, and a finished shower suite.
Where is this spa & wellness property located?
The property is located at 2-536 Bienville St New Orleans, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,616 SF second‑floor unit occupying the entire floor; Approximately four private treatment rooms with locker and robe room; Finished shower suite, original hardwood floors, exposed brick, and tall windows
