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    635 Peters St New Orleans, LA 70130

    Sponsored
    For Sale
    $7,500,000

    Prime New Orleans location, 28,870 sq ft

    Property size:
    28,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 28,870-square-foot development site is located at 635 S. Peters St. in New Orleans' vibrant Warehouse District. Zoned CBD-6, this property offers a unique opportunity for a variety of projects, including hospitality, multi-family, and mixed-use developments. Its U-shape configuration encompasses one-story warehouses and a parking lot, situated just blocks from the renovated Caesars New Orleans and the Ernest N. Morial Convention Center. The high visibility and well-trafficked location within this highly desirable area, known for its blend of commercial, residential, arts, dining, and shopping, ensures significant potential. Originally developed in the 1840s as a warehousing hub for the Port of New Orleans, the Warehouse District experienced a revitalization following the 1984 World's Fair. This prime site presents an exceptional investment opportunity, priced at $7,500,000 ($259.79/sq ft). The property includes a parking lot and one-story warehouses. The Ironworks building adjacent to the property is not included in the sale. This is a rare chance to capitalize on the continued growth and desirability of this dynamic New Orleans neighborhood.

    Property Features for 635 Peters St

    General Information

    Property type
    Land
    Square Feet
    28,870 SF

    HighLights

    • High‑visibility location in New Orleans' Warehouse District.
    • Well‑trafficked area near the Convention Center and Caesars New Orleans.
    • CBD‑6 zoning allows for hospitality, multi‑family, and mixed‑use development.
    • Exceptional development opportunity on a 28,870‑square‑foot site, priced at $7,500,000 ($259.79/sq ft).
    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
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0660822
    Latitude
    29.9464146

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    FAQs

    What type of property is this?
    Land - Prime New Orleans location, 28,870 sq ft
    Where is this land located?
    The property is located at 635 Peters St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: High-visibility location in New Orleans' Warehouse District.; Well-trafficked area near the Convention Center and Caesars New Orleans.; CBD-6 zoning allows for hospitality, multi-family, and mixed-use development.
    (504) 581-5005
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    635 Peters 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
    635 Peters St New Orleans, LA 70130
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