Uptown Mixed-Use Corner
2600-02 GENERAL PERSHING Street New Orleans, LA 70115
2600-02 GENERAL PERSHING Street, New Orleans, LA, 70115
$749,000
For Sale
$749,000
MULTI_FAMILY - New Orleans, LA
Property Size3,896 SF
Price / SF$192.25
Days on Market95
Property Features for 2600-02 GENERAL PERSHING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 102202305
- Size
- 3,896 SF
Taxes and HOA fees
- Tax Description
- SQ 623 LOT Q GEN PERSHING
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Asphalt
Listing Agency
McEnery Residential, LLC
(504) 605-4400
4901 Magazine Street, New Orleans, LA
Listed by
Arnold Yoo · License #995706084
(504) 605-4400
Added: Apr 14 Checked: Jul 17 at 12:06 pm
MLS# 2552865
Listing URL
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.
Investment Insights
Based on property information with market context.
This corner mixed-use property offers a flexible setup with multiple spaces and the character associated with historic New Orleans. The building includes a primary storefront-style space plus three additional units, giving an owner the ability to pursue income-producing rentals, office use, or short-term residential use, subject to city approval. Interiors feature abundant natural light and adaptable layouts that can support a range of operational needs.
Positioned just steps from Freret Street in a walkable Uptown area, the property benefits from a neighborhood retail and dining environment. It is located within the HU-B1 Neighborhood Business District, which supports a variety of commercial and residential concepts. The offering also includes off-street parking for 4 cars, an important practical amenity in an urban setting.
With its combination of storefront potential, office-friendly flexibility, and additional unit inventory, this property is well-suited for owner-occupants seeking to offset expenses while keeping options open. It may also appeal to investors interested in managing multiple income streams in one asset. As noted, prospective buyers should verify zoning and permitted uses with the City of New Orleans prior to business approval.
Positioned just steps from Freret Street in a walkable Uptown area, the property benefits from a neighborhood retail and dining environment. It is located within the HU-B1 Neighborhood Business District, which supports a variety of commercial and residential concepts. The offering also includes off-street parking for 4 cars, an important practical amenity in an urban setting.
With its combination of storefront potential, office-friendly flexibility, and additional unit inventory, this property is well-suited for owner-occupants seeking to offset expenses while keeping options open. It may also appeal to investors interested in managing multiple income streams in one asset. As noted, prospective buyers should verify zoning and permitted uses with the City of New Orleans prior to business approval.
Key Highlights
- Prime Uptown location, steps from Freret Street, in a highly walkable neighborhood.
- HU‑B1 zoning allows for versatile mixed‑use possibilities.
- Off‑street parking for 4 cars.
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 | $84.2k | $21.60 |
| − Vacancy | −$8.4k | −$2.16 |
| EGI | $75.7k | $19.44 |
| − OpEx | −$28.4k | −$7.29 |
| NOI | $47.3k | $12.15 |
3,896 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$676.2K
$591.7K – $788.9K
NOI $47,336 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$485.7K
$425.0K – $566.6K
NOI $33,996 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.03M
$899.4K – $1.20M
NOI $71,951 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile HU-B1 corner building near Freret Street with off-street parking and multiple units for flexible income or workspace use.
Where is this mixed-use property located?
The property is located at 2600-02 GENERAL PERSHING Street New Orleans, LA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Prime Uptown location, steps from Freret Street, in a highly walkable neighborhood.; HU‑B1 zoning allows for versatile mixed‑use possibilities.; Off‑street parking for 4 cars.
