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    2900 Dauphine St New Orleans, LA 70117

    Sponsored
    For Sale
    $3,349,000

    Prime 47,662 SF development site, mixed-use potential.

    Property size:
    47,662 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 47,662 square foot development site presents a unique investment opportunity in the vibrant Faubourg Marigny and Bywater neighborhoods of New Orleans, Louisiana. Located at 2900 Dauphine Street, zip code 70117, this property is zoned HM-MU and offers significant potential for mixed-use development, encompassing both residential and commercial uses. The asking price is $3,349,000, translating to $70.27 per square foot. The site's strategic location places it in close proximity to key cultural attractions and amenities, including the New Orleans center for the Creative Arts, The National Rice Mill Lofts, and Bywater American Bistro, ensuring high visibility and accessibility. An existing 20,031 square foot warehouse is situated on the property and is also available for lease at a rate of $5.50 per square foot, NNN. This presents an additional revenue stream for the astute investor. This property offers a rare chance to capitalize on the burgeoning growth and desirability of this sought-after New Orleans location. The substantial lot size and flexible zoning provide ample opportunity for a diverse range of development projects. Don't miss this chance to acquire a truly remarkable piece of New Orleans real estate.

    Property Features for 2900 Dauphine St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    47,662 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply 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
    -90.047622218784
    Latitude
    29.964997641456

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    FAQs

    What type of property is this?
    Lifestyle center - Prime 47,662 SF development site, mixed-use potential.
    Where is this lifestyle center located?
    The property is located at 2900 Dauphine St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $3,349,000.
    Request Owner's contact information
    2900 Dauphine St New Orleans, LA 70117
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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
    2900 Dauphine St New Orleans, LA 70117
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