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    124 Clark St New Orleans, LA 70119

    For Sale
    $400,000

    Prime New Orleans Office, Vacant, $400K

    Property size:
    1,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,872 square foot executive office space presents a unique investment opportunity in New Orleans' vibrant Mid-City neighborhood. Located at 124 S Clark St, this single-story, Class B building sits on a 3,024 square foot lot and is currently vacant, ready for immediate occupancy. The property is zoned HU-MU, allowing for diverse commercial uses. Priced at $400,000, this translates to $213.68 per square foot. The building offers a modified lease type and is available as a single tenancy. This property boasts a blend of residential charm and commercial functionality, making it ideal for businesses seeking a distinctive and well-located space. While this property can be purchased individually, it's also part of a larger four-building portfolio that includes properties at 3420, 3426, and 3432 Canal Street, and 118 S Clark Street. This presents a compelling opportunity for investors seeking a larger footprint in this desirable area of New Orleans. The property's convenient location in the 70119 zip code offers easy access to local amenities and transportation. This is a rare chance to acquire a well-positioned, vacant office space in a thriving New Orleans market.

    Property Features for 124 Clark St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,872 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $400,000 asking price for this 1,872 sq ft executive office building.
    • Located at 124 S Clark St, New Orleans, LA 70119.
    • Class B, single‑tenant, vacant property.
    • Modified lease terms.
    • 1‑story building on a 3,024 sq ft lot, zoned HU‑MU.
    • $213.68 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cater & Associates LLC Attorney Foshee David J Personal Injury Attorney Compass Arlene Personal Injury Attorney

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0953816
    Latitude
    29.9701249

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    FAQs

    What type of property is this?
    Office Property / Space - Prime New Orleans Office, Vacant, $400K
    Where is this office property / space located?
    The property is located at 124 Clark St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for this 1,872 sq ft executive office building.; Located at 124 S Clark St, New Orleans, LA 70119.; Class B, single-tenant, vacant property.
    (504) 339-2136
    Request Owner's contact information
    124 Clark St New Orleans, LA 70119
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    New Orleans, LA 70119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 Clark St New Orleans, LA 70119
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