Mixed-Use Property
For Sale
$850,000
2508 & 2514 Tulane Avenue, New Orleans, LA 70119
Bundle includes two mixed-use buildings and a vacant lot, with one retail space and additional vacant first-floor space.
Days on Market188
Property Features for 2508 & 2514 Tulane Avenue
General Information
Standard status
Active
Property subtype
Commercial
Zoning
MU-2
Additional Details
Cap Rate
7.5%
Building Details
Building Size
9,152 SF
Year Built
1947
Listing Agency:
Property One, Inc.
(985) 807-4120
Listed By:
Mike D'amico · License #000072272
(985) 807-4120
Source:
Nolalivingrealty
Added: Jan 23
Changed: Jul 26
Last Checked: Jul 30 at 12:25PM
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 Property One, Inc.
Investment Insights
Based on property information with market context.
This for-sale three-property bundle includes two mixed-use buildings at 2508 and 2514 Tulane Avenue, plus a vacant lot at 519 S Rocheblave St. One building is fully leased with retail on the bottom floor and multifamily on the second floor. The second building also has multifamily on the second floor, with a vacant first-floor space currently available for office or retail use; the space was previously used as a restaurant. The vacant lot is included as part of the package and is positioned behind the building for extra parking at 519 Rocheblave St.
The properties are zoned MU-2 High Intensity Mixed-Use District. The bundle is described as being across from a new Trader Joe’s facility and in an area that includes the Department of Veterans Affairs Medical Center.
Leased space in both buildings is currently generating approximately $7,725 per month, with the first-floor vacancy offering an opportunity to re-tenant retail or office space. The combination of lots is noted as supporting multiple redevelopment options.
The properties are zoned MU-2 High Intensity Mixed-Use District. The bundle is described as being across from a new Trader Joe’s facility and in an area that includes the Department of Veterans Affairs Medical Center.
Leased space in both buildings is currently generating approximately $7,725 per month, with the first-floor vacancy offering an opportunity to re-tenant retail or office space. The combination of lots is noted as supporting multiple redevelopment options.
Key Highlights
- Three‑property MU‑2 High Intensity Mixed‑Use District bundle across from a new Trader Joe’s facility and near the Department of Veterans Affairs Medical Center.
- Two mixed‑use buildings: 2508/2514 Tulane Ave plus a vacant lot at 519 S Rocheblave St (519 Rocheblave St) for extra parking.
- One building is fully leased with retail on the bottom floor and multifamily on the second floor.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in New Orleans, LA
Properties on Market for Mixed-use properties in New Orleans
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Bundle includes two mixed-use buildings and a vacant lot, with one retail space and additional vacant first-floor space.
Where is this mixed-use property located?
The property is located at 2508 & 2514 Tulane Avenue 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: Three‑property MU‑2 High Intensity Mixed‑Use District bundle across from a new Trader Joe’s facility and near the Department of Veterans Affairs Medical Center.; Two mixed‑use buildings: 2508/2514 Tulane Ave plus a vacant lot at 519 S Rocheblave St (519 Rocheblave St) for extra parking.; One building is fully leased with retail on the bottom floor and multifamily on the second floor.
