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    731 Nashville Ave New Orleans, LA 70115

    For Sale
    $759,500

    Prime location, 2,170 sq ft office space.

    Property size:
    2,170 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Uptown New Orleans commercial property, located at 731 Nashville Avenue, presents a unique investment opportunity. The single-story, 2,170 square foot building sits on a 0.12-acre lot (approximately 43' x 120', measurements to be verified) and is zoned HU-B1, allowing for diverse uses. Currently configured as executive or medical office space, the building features two off-street parking spaces and a backyard with potential for expansion. An unfinished attic area adds bonus square footage. The property's strategic location, just one lot from the bustling intersection of Magazine Street and Nashville Avenue, offers high visibility and accessibility. Note that the adjacent property at 5724 Magazine Street is also available for purchase, presenting a potential for a larger assemblage and redevelopment of this prime corner location. The asking price is $759,500, translating to $350 per square foot. Showings require 24-hour notice and are preferably scheduled after 4:00 PM to avoid disturbing the current tenant. This is a Class B building with a single tenancy.

    Property Features for 731 Nashville Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,170 SF
    Class
    B
    Lot Size
    5,227 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 2,170 SF single‑story building on a 0.12‑acre lot (approx. 43' x 120').
    • HU‑B1 zoning allows for diverse uses.
    • Located in Uptown New Orleans, one lot from Magazine & Nashville Ave intersection.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Uptown Veterinary Hospital Veterinarian

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -90.1187119
    Latitude
    29.9212823

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    FAQs

    What type of property is this?
    Medical office - Prime location, 2,170 sq ft office space.
    Where is this medical office located?
    The property is located at 731 Nashville Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $759,500.
    What are key features of this property?
    This property features: 2,170 SF single-story building on a 0.12-acre lot (approx. 43' x 120').; HU-B1 zoning allows for diverse uses.; Located in Uptown New Orleans, one lot from Magazine & Nashville Ave intersection.
    Request Owner's contact information
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    New Orleans, LA 70115
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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
    731 Nashville Ave New Orleans, LA 70115
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