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Uptown Commercial Building For Sale

731 Nashville Ave New Orleans, LA 70115

731 Nashville Ave, New Orleans, LA, 70115
Contact for pricing
For Sale
Contact for pricing

Free-standing commercial building near Magazine Street and Nashville Avenue.

Property Size2,474 SF
Price / SF$282.94
Days on Market1010

Property Features for 731 Nashville Ave

General Information

Standard status
Active
Size
2,474 SF
Property subtype
Retail, Office
Listing Agency Stirling
Listed by Lauren Ryan · License #LA 0995687525
Source Crexi
Added: Oct 12, 2023 Checked: Jul 17 at 5:54 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stirling


Investment Insights

Based on property information with market context.

This free-standing commercial building is located one lot from the intersection of Magazine Street and Nashville Avenue in Uptown. The property includes two off-street parking spaces and a backyard, offering the potential for building expansion. A portion of the attic has been finished, providing additional space not included in the listed square footage. The property is zoned HU-B1, which allows for multiple uses. The building has a size of 2474 square feet.

Key Highlights

  • Prime Uptown location, just one lot from the Magazine Street and Nashville Avenue intersection.
  • HU‑B1 zoning allows for multiple uses.
  • Free‑standing commercial building.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $43.9k $17.76
− Vacancy −$5.1k −$2.08
EGI $38.8k $15.68
− OpEx −$9.7k −$3.92
NOI $29.1k $11.76
2,474 SF · lease $17.76/SF/yr · vacancy 11.72% · expense 25.00%

Alternative Uses

Best Use
Office B
$415.6K
$363.7K – $484.9K (±1% cap)
NOI $29,092 @ 7.0% cap · market cap 4.16%
Second Best
Retail
$308.4K
$269.9K – $359.8K (±1% cap)
NOI $21,588 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$652.7K
$571.1K – $761.5K (±1% cap)
NOI $45,690 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Uptown Veterinary Hospital Veterinary Clinic

Suggested Use

HVAC Service Barber Shop Grocery & Convenience Store Dental Office Food Market Auto Parts Store Electrical Service Furniture & Home Goods Plumbing Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail property - Free-standing commercial building near Magazine Street and Nashville Avenue.
Where is this retail property located?
The property is located at 731 Nashville Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Prime Uptown location, just one lot from the Magazine Street and Nashville Avenue intersection.; HU‑B1 zoning allows for multiple uses.; Free‑standing commercial building.
Contact an agent
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