508 Natchez St, New Orleans, LA 70130
Two vacant ground-floor retail spaces with four occupied residences in a CBD-2 historic mixed-use district.
- Added:
- May 27, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 6 at 5:12 am
Property Features for 508 Natchez St
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1900
Listing agent Nicholas Lahaye License #LA995689669
Listing office NAI Rampart
Listing date May 27, 2026
Source Crexi
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 NAI Rampart
HighLights
- Built c. 1900 with a mixed‑use setup in a CBD‑2 historic commercial district.
- Approximately 2,200 SF total: two vacant first‑floor commercial spaces.
- Includes 4 fully occupied residential units on the 2nd and 3rd floors.
- Zoned CBD‑2 (historic commercial and mixed‑use district).
- Located in the CBD between Magazine and Camp on Natchez Street, steps from the Federal Courts.
Overview
Located in the CBD on Natchez Street between Magazine and Camp, the property sits on a historic commercial alley that retains a late-19th-century industrial scale. The immediate area is described as a “quiet core” of the Central Business District, with proximity to the Federal Courts, the St. Charles Streetcar, and dining on Magazine Street.
For buyers or operators, the layout provides flexibility: a ground-floor component that is currently vacant for future retail or office use, paired with existing residential occupancy above. With the property currently zoned CBD-2 Historic Commercial and Mixed-Use District, the described intent of the district is to support reuse of existing structures and smaller floor plates for office, retail, institutional, and residential uses that help maintain the vitality of the Central Business District as a destination for residents and visitors.
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 | $187.2k | $24.00 |
| − Vacancy | −$18.7k | −$2.40 |
| EGI | $168.5k | $21.60 |
| − OpEx | −$63.2k | −$8.10 |
| NOI | $105.3k | $13.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0681931
- Latitude
- 29.9496746
