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    421 Frenchmen St New Orleans, LA 70116

    Sponsored
    For Sale
    $4,500,000

    Prime New Orleans Mixed-Use Property

    Property size:
    15,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional New Orleans investment opportunity presents a ±15,308 square foot, three-story building situated on a 0.13-acre corner lot at the coveted intersection of Frenchmen and Decatur Streets. The property, located at 421 Frenchmen Street in the vibrant Faubourg Marigny, is currently zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District) with RDO-1, AC-1, and RIV overlays, offering a wide range of potential uses. The building, classified as Class B, features a single tenancy and includes an elevator shaft. The asking price is $4,500,000, translating to approximately $293.96 per square foot. This historic, tax-credit-eligible property benefits from its prime location within a thriving entertainment district known for its live music venues, diverse restaurants, bars, and unique shops. The property's ±15,308 square feet of improvements are complemented by the substantial lot size of approximately 4,876 square feet. All measurements are approximate and should be independently verified by the purchaser. Similarly, the purchaser is responsible for verifying tax credits, zoning, overlays, and intended use. Prospective buyers should refrain from touring the property without prior arrangement and should not disturb the current tenant.

    Property Features for 421 Frenchmen St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    15,308 SF
    Class
    B
    Lot Size
    5,663 SF

    Building Details

    Buildings
    1
    Stories
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Consumer Protection Law ... Attorney New Orleans Music ... Tour Operator Louisiana Music Factory Record Store Aphrodite Alcohol Programs ... Counselor Louisiana Citizens for Culture Association Or Organization

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store 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
    -90.0574167
    Latitude
    29.9624326

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    FAQs

    What type of property is this?
    Mixed-use property - Prime New Orleans Mixed-Use Property
    Where is this mixed-use property located?
    The property is located at 421 Frenchmen St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    Request Owner's contact information
    421 Frenchmen St New Orleans, LA 70116
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    New Orleans, LA 70116
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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
    421 Frenchmen St New Orleans, LA 70116
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