Mixed-Use Corner Property with
2600 General Pershing St, New Orleans, LA 70115
For Sale
$749,000
Corner mixed-use building in a HU-B1 district with four off-street parking spaces and multiple adaptable units.
Property Size3,896 SF
Price / SF$192.25
Days on Market153
Property Features for 2600 General Pershing St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
The McEnery Company Inc
Listed By:
S. McEnery · License #995695203
(504) 236-9542
Source:
Lacdb.resimplifi
Added: Jun 8
Changed: Oct 25
Last Checked: Nov 6 at 5:19AM
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 The McEnery Company Inc
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Investment Insights
Based on property information with market context.
This corner mixed-use property offers flexible space within a HU-B1 Neighborhood Business District. The building includes a primary storefront/space concept plus three additional units, providing options for office use, rentals, or short-term residential use subject to city approval. The interior spaces are described as bright with abundant natural light and offer flexible, adaptable floor plans.
Located on General Pershing Street in Uptown New Orleans, the property is described as just steps from Freret Street and positioned within a highly walkable neighborhood. The surrounding area includes neighborhood favorites, shops, and restaurants, supporting a mix of uses for local street-level activity. Off-street parking is available for four cars.
For tenants, buyers, and operators, the configuration can support a storefront or service concept while retaining the ability to use the additional units for office space, longer-term income, or short-term residential purposes pending city approval. Because permitted uses and zoning must be confirmed, the most practical next step is to verify compliance with the City of New Orleans prior to business approval and finalize a plan that matches HU-B1 requirements and your desired operating model.
Located on General Pershing Street in Uptown New Orleans, the property is described as just steps from Freret Street and positioned within a highly walkable neighborhood. The surrounding area includes neighborhood favorites, shops, and restaurants, supporting a mix of uses for local street-level activity. Off-street parking is available for four cars.
For tenants, buyers, and operators, the configuration can support a storefront or service concept while retaining the ability to use the additional units for office space, longer-term income, or short-term residential purposes pending city approval. Because permitted uses and zoning must be confirmed, the most practical next step is to verify compliance with the City of New Orleans prior to business approval and finalize a plan that matches HU-B1 requirements and your desired operating model.
Key Highlights
- Corner mixed‑use building in the HU‑B1 Neighborhood Business District
- Just steps from Freret Street in Uptown
- Off‑street parking for 4 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,813
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,260
$916.3K
Cap Rate 7%
$654,471
$654.5K
Cap Rate 9%
$509,033
$509.0K
Market Conditions
NOI Build-Up for 3,896 SF
Gross rent
$69.2K $17.76/SF
− Vacancy
−$8.1K −$2.08/SF
EGI
$61.1K $15.68/SF
− OpEx
−$15.3K −$3.92/SF
NOI
$45.8K $11.76/SF
Area
ZIP 70115
Vacancy
11.72%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,260
Cap Rate 7%
$654,471
Cap Rate 9%
$509,033
Alternative Uses
Best Use
Office B
$654.5K
$572.7K – $763.6K
NOI $45,813 @ 7.0% cap · market cap 6.12%
Second Best
Multifamily LT 5
$478.4K
$418.6K – $558.1K
NOI $33,487 @ 7.0% cap · market cap 4.47%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in New Orleans, LA
Properties on Market for Quadplexes in New Orleans
Vacancy Rate% for Office in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Quadplex - Corner mixed-use building in a HU-B1 district with four off-street parking spaces and multiple adaptable units.
Where is this quadplex located?
The property is located at 2600 General Pershing St 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: Corner mixed‑use building in the HU‑B1 Neighborhood Business District; Just steps from Freret Street in Uptown; Off‑street parking for 4 cars
