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    5500 St Claude Ave New Orleans, LA 70117

    Sponsored
    For Sale
    $750,000

    High-visibility retail space, redevelopment opportunity.

    Property size:
    12,665 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,665 square foot commercial building presents a prime redevelopment opportunity in New Orleans' vibrant St. Claude Avenue corridor. Located at the signalized corner of St. Claude Avenue and Caffin Avenue, this property boasts high visibility and ample off-street parking. Formerly a Walgreens, the building has been completely gutted, leaving a clean shell ready for your vision. No structural issues are known. Constructed of concrete masonry with a structural steel roof, the building sits on a substantial 34,203 square foot lot. The property is offered at $750,000, translating to $59.22 per square foot. Currently vacant, this single-story, single-unit building is zoned HU-MU, permitting a wide range of commercial uses, including retail and office spaces. This fee simple ownership offers complete control and potential for significant return on investment. The property's size, location, and zoning make it an ideal canvas for a variety of commercial ventures. Seize this chance to establish your business in a thriving New Orleans neighborhood. The address is 5500 St. Claude Ave, New Orleans, LA 70117.

    Property Features for 5500 St Claude Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    12,665 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 12,665 SF commercial building on a 34,203 SF lot in New Orleans' St. Claude Avenue corridor.
    • High‑visibility corner location at St. Claude & Caffin Avenues with ample off‑street parking.
    • Completely gutted former Walgreens building, ready for redevelopment; no known structural issues.
    • Concrete masonry construction with a steel roof; single‑story, single‑unit building.
    • HU‑MU zoning allows for various commercial uses; currently vacant.
    • Offered at $750,000 ($59.22/SF); fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -90.0166852
    Latitude
    29.9611356

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    FAQs

    What type of property is this?
    Lifestyle center - High-visibility retail space, redevelopment opportunity.
    Where is this lifestyle center located?
    The property is located at 5500 St Claude Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 12,665 SF commercial building on a 34,203 SF lot in New Orleans' St. Claude Avenue corridor.; High-visibility corner location at St. Claude & Caffin Avenues with ample off-street parking.; Completely gutted former Walgreens building, ready for redevelopment; no known structural issues.
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    New Orleans, LA 70117
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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
    5500 St Claude Ave New Orleans, LA 70117
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