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    2901 Napoleon Ave New Orleans, LA 70115

    Sponsored
    For Lease
    $96,000

    Prime 36,000 SF lot, ideal medical or mixed-use development.

    Lot size:
    36,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 36,000-square-foot commercial land parcel presents a rare opportunity in Uptown New Orleans. Located at 2901 Napoleon Avenue, this single-tenancy site boasts prominent frontage on Napoleon Avenue, offering excellent visibility and accessibility. The property occupies approximately half a city block, with additional boundaries along Willow and General Pershing Streets. Its strategic location places it directly adjacent to the Touro LCMC Imaging Center and across from the Ochsner Baptist Medical Complex, making it exceptionally well-suited for medical-related developments. However, the MU-1 zoning allows for a variety of other uses, providing significant flexibility for potential developers. The owner is open to considering build-to-suit development proposals. Annual property taxes are $10,364.40. This is a unique chance to acquire a substantial land holding in a thriving Uptown New Orleans location with high potential for significant return on investment. The property is situated in Orleans Parish, Louisiana, with a zip code of 70115. This prime location offers easy access to major roadways and a vibrant urban environment. Don't miss this chance to secure a piece of Uptown New Orleans's dynamic real estate market.

    Property Features for 2901 Napoleon Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,000 SF
    Total Rate
    96000

    Unit(s) available at that property

    Space
    Size
    36,000 SF
    Rate per SF
    $96,000

    HighLights

    • Uptown New Orleans development opportunity.
    • MU‑1 zoning allows diverse uses.
    • Situated within a thriving medical corridor.
    • High‑traffic intersection location.
    • Build‑to‑suit options available.
    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 Gym & Fitness

    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
    -90.102668
    Latitude
    29.939386

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    FAQs

    What type of property is this?
    Land - Prime 36,000 SF lot, ideal medical or mixed-use development.
    Where is this land located?
    The property is located at 2901 Napoleon Ave New Orleans, LA.
    What is the lease rate?
    The lease rate is $96,000.
    What are key features of this property?
    This property features: Uptown New Orleans development opportunity.; MU-1 zoning allows diverse uses.; Situated within a thriving medical corridor.
    Request Owner's contact information
    2901 Napoleon Ave New Orleans, LA 70115
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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
    2901 Napoleon Ave New Orleans, LA 70115
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