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    7931 Chef Menteur Hwy New Orleans, LA 70126

    Sponsored
    For Sale
    $199,000

    1.5-Acre Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.5-acre commercial vacant lot is ideally situated on Chef Menteur Highway in New Orleans, Louisiana, offering unparalleled visibility and accessibility. The property boasts dimensions of approximately 97-96 feet by 702-680 feet, providing ample space for a variety of commercial developments. Its prime location offers high traffic counts and convenient access to I-10, making it an attractive investment opportunity. The lot is zoned C-1, allowing for a range of commercial uses. This property presents a unique opportunity for businesses seeking a high-visibility location with excellent access to major transportation routes. The surrounding area includes residential neighborhoods, creating a balanced mix of commercial and residential activity. This lot is available for sale, priced at $199,000. There is also the possibility of purchasing this lot as part of a package deal that includes an adjacent 1.22-acre vacant lot and a rear lot providing rear access via Tulsa Street. This presents a significant opportunity to acquire a larger contiguous parcel of land in a high-demand location. The property's address is 7931 Chef Menteur Hwy, New Orleans, LA 70126.

    Property Features for 7931 Chef Menteur Hwy

    General Information

    Property type
    Land

    HighLights

    • 1.5‑acre vacant commercial lot on Chef Menteur Hwy, New Orleans.
    • Approximately 97‑96' x 702‑680' lot with high visibility and I‑10 access.
    • C‑1 zoning allows for diverse commercial uses.
    • $199,000 asking price; potential package deal with adjacent lots.
    • Address: 7931 Chef Menteur Hwy, New Orleans, LA 70126.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    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
    -89.993631918709
    Latitude
    30.013381178724

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial Lot, High Traffic
    Where is this land located?
    The property is located at 7931 Chef Menteur Hwy New Orleans, LA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 1.5-acre vacant commercial lot on Chef Menteur Hwy, New Orleans.; Approximately 97-96' x 702-680' lot with high visibility and I-10 access.; C-1 zoning allows for diverse commercial uses.
    Request Owner's contact information
    7931 Chef Menteur Hwy New Orleans, LA 70126
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    New Orleans, LA 70126
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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
    7931 Chef Menteur Hwy New Orleans, LA 70126
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