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    512 City Park Ave New Orleans, LA 70119

    Sponsored
    For Lease
    $44 SF/Yr ($10,416 /Mo)

    2,800 SF Restaurant/Retail w/Drive-Thru

    Lot size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,800-square-foot retail or restaurant space, situated on a 27,672-square-foot lot at 512 City Park Ave, New Orleans, LA 70119, presents a unique investment opportunity. Previously a Burger King with a drive-thru (conditional use permit), the single-story building offers immense flexibility for various uses, including a quick-serve restaurant, coffee shop, or bank branch. Located in the Park Avenue Place retail center, the property boasts 36 parking spaces and enjoys a high-traffic location directly across from Delgado Community College, a short distance from City Park, and approximately one mile from I-10 access. Its strategic position ensures high visibility and accessibility from major thoroughfares. The property shares the retail center with established businesses like MoPho restaurant and military reserve offices, creating a vibrant and active environment attracting residents, tourists, and students. This is a ready-to-occupy space with significant potential for growth and profitability in a desirable New Orleans submarket (Greater New Orleans). The property features one building with no elevators. Cross street is Orleans Ave.

    Property Features for 512 City Park Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,800 SF
    Total Rate
    10416

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,800 SF
    Rate per SF
    $44

    HighLights

    • 2,800 SF retail/restaurant space on a 27,672 SF lot at 512 City Park Ave, New Orleans, LA 70119.
    • Drive‑thru available with conditional use permit.
    • High‑traffic location across from Delgado Community College, near City Park & I‑10.
    • 36 dedicated parking spaces.
    • Monument signage and excellent visibility.
    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
    Jefferson
    State
    Louisiana
    Longitude
    -90.1054325
    Latitude
    29.9832001

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    FAQs

    What type of property is this?
    Restaurant - 2,800 SF Restaurant/Retail w/Drive-Thru
    Where is this restaurant located?
    The property is located at 512 City Park Ave New Orleans, LA.
    What is the lease rate?
    The lease rate is $44 SF/Yr.
    What are key features of this property?
    This property features: 2,800 SF retail/restaurant space on a 27,672 SF lot at 512 City Park Ave, New Orleans, LA 70119.; Drive-thru available with conditional use permit.; High-traffic location across from Delgado Community College, near City Park & I-10.
    Request Owner's contact information
    512 City Park Ave 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
    512 City Park Ave New Orleans, LA 70119
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