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Mixed-Use Building with Apartments
For Sale
$1,650,000

8538 SPRUCE Street, New Orleans, LA 70118

Commercial Sale, New Orleans, LA

Property SizeContact for details
Days on Market173

Property Features for 8538 SPRUCE Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning HU-B1A
Parking features Off Street
Lot features Corner Lot
Standard status Active
APN 716302513

Additional Details

Property Use Mixed Use

Taxes and HOA fees

Tax Description 1. SQ 260 LOTS 18-19 SPRUCE & 2. LEONIDAS 50 X 100 3. 8538-40 SPRUCE
Legal Description 1. SQ 260 LOTS 18-19 SPRUCE & 2. LEONIDAS 50 X 100 3. 8538-40 SPRUCE

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1920
Floors in Building 2
Building materials Brick, Vinyl Siding
Buildings 1
Listing Agency: Keller Williams Realty Serv.
Listed By: Shannon Wells-Guidry · License #995691606
Added: May 5 Changed: Oct 23 Last Checked: Oct 24 at 3:06PM
MLS# 2553619

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-story brick mixed-use building, constructed in 1920, combines commercial space with three residential units. Two apartments are on the upper floor, while the third is on the ground floor. A usable attic provides additional interior space. The property is being sold as-is, and its zoning is HU-B1A.

Public water and sewer serve the building, and natural gas is available. Off-street parking is provided. The commercial portion is described for a range of potential uses, including retail, office, food service, wellness, hospitality, and administrative functions; buyers should verify applicable use and compliance requirements.

Key Highlights

  • Three residential units: two on the second floor and one on the first
  • Two‑story brick building constructed in 1920
  • HU‑B1A zoning

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Dental Office Electrical Service Computer & Electronic Repair HVAC Service Parking Lot & Garage Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

901
Businesses Nearby

Demographics for 70118, LA

35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial space and residential apartments share a two-story building with HU-B1A zoning.
Where is this mixed-use property located?
The property is located at 8538 SPRUCE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Three residential units: two on the second floor and one on the first; Two‑story brick building constructed in 1920; HU‑B1A zoning
More about this property
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