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    631 Toulouse St New Orleans, LA 70130

    For Sale
    $2,750,000

    Historic New Orleans investment opportunity.

    Property size:
    5,655 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use investment property, located at 631 Toulouse Street in the heart of New Orleans' French Quarter, presents a rare opportunity for discerning investors. The property boasts a prime location near the intersection of Toulouse and Royal Streets, offering high visibility and foot traffic. The 5,655 square foot building, constructed in 1834, comprises two structures: a three-story building facing Toulouse Street and a three-story building at the rear. The front building features approximately 1,250.5 square feet of ground-level commercial/retail space, recently leased, along with two upper-floor apartments, each approximately 1,436.7 to 1,442.3 square feet. The rear building contains three apartments, each approximately 508.5 square feet. In total, the property consists of one commercial unit and five apartments, currently operating at 83% occupancy. The property sits on a 3,354 square foot lot and is zoned VCC-2 (Vieux Carre Commercial District). The brick and masonry construction showcases the building's rich history. All measurements are approximate and should be independently verified. The asking price is $2,750,000, representing a price per unit of $486.30. This is a unique chance to acquire a significant piece of New Orleans history with strong income potential. Potential buyers are responsible for verifying zoning, overlays, and intended use.

    Property Features for 631 Toulouse St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,655 SF

    Building Details

    Year Built
    1834
    Stories
    3
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tijon New Orleans Perfume Store

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Daycare Center Gym & Fitness Kitchen & Bath

    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
    -90.0650605
    Latitude
    29.9571666

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    FAQs

    What type of property is this?
    Individual retail property - Historic New Orleans investment opportunity.
    Where is this individual retail property located?
    The property is located at 631 Toulouse St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    Request Owner's contact information
    631 Toulouse St New Orleans, LA 70130
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    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
    631 Toulouse St New Orleans, LA 70130
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