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    635 Peters St New Orleans, LA 70130

    Sponsored
    For Lease
    $15 SF/Yr

    Prime New Orleans location, 28,870 sf.

    Lot size:
    28,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 28,870-square-foot development site is ideally situated in New Orleans' vibrant Warehouse District. Located at 635 S. Peters St, this property offers a unique opportunity for a variety of projects. The U-shaped site encompasses existing one-story warehouses and a parking lot on Girod Street, and is situated just blocks from the renovated Caesars New Orleans and the Ernest N. Morial Convention Center. The site's proximity to these key landmarks provides excellent visibility and accessibility. The Warehouse District's rich history, dating back to the 1840s, has evolved into a thriving mix of commercial, residential, arts, dining, and shopping establishments. This revitalized neighborhood offers a highly desirable location for development. The property is well-suited for hospitality, multi-family, or mixed-use projects, capitalizing on the area's strong demand and growth potential. The site's size and configuration provide ample space for creative and ambitious development plans. This is a rare chance to acquire a significant parcel in a rapidly developing and sought-after area of New Orleans. The property includes a parking lot and existing warehouses. The Ironworks building adjacent to the site is not included in this offering. This is a single-tenancy property.

    Property Features for 635 Peters St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,870 SF

    Unit(s) available at that property

    Space
    Size
    28,870 SF
    Rate per SF
    $15

    HighLights

    • Prime CBD location near Convention Center, casino, and numerous amenities.
    • High‑traffic visibility.
    • Excellent redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Daycare Center Kitchen & Bath 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
    -90.065873622958
    Latitude
    29.946447914178

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    FAQs

    What type of property is this?
    Land - Prime New Orleans location, 28,870 sf.
    Where is this land located?
    The property is located at 635 Peters St New Orleans, LA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime CBD location near Convention Center, casino, and numerous amenities.; High-traffic visibility.; Excellent redevelopment potential.
    Request Owner's contact information
    635 Peters St New Orleans, LA 70130
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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
    635 Peters St New Orleans, LA 70130
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