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    7100 Downman Rd New Orleans, LA 70126

    Sponsored
    For Sale
    $240,000

    1,320 SF, $240,000, High Traffic Area

    Property size:
    1,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 7100 Downman Rd in New Orleans, Louisiana, presents a lucrative investment opportunity. The 1,320 square foot building, constructed in 1970, sits on a single story and is zoned C-1, offering versatility for a variety of retail or restaurant uses. Previously occupied by a Papa John's Pizza restaurant, this location benefits from high visibility and significant daily traffic, estimated at approximately 17,000 cars. The asking price is $240,000, translating to $181.82 per square foot. The property's convenient location in Orleans Parish, zip code 70126, makes it easily accessible to a large customer base. This is an ideal opportunity for entrepreneurs seeking a well-situated space with established infrastructure in a thriving New Orleans neighborhood. The building's single-story design and ample square footage provide flexibility for customization and adaptation to various business needs. The C-1 zoning ensures a wide range of permitted uses, maximizing the potential for return on investment. Don't miss this chance to acquire a prime commercial property in a high-traffic area of New Orleans.

    Property Features for 7100 Downman Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,320 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    HighLights

    • $240,000 asking price for a 1,320 sq ft retail property.
    • Located at 7100 Downman Rd, New Orleans, LA 70126.
    • 1‑story, 1970‑built building, zoned C‑1.
    • Former Papa John's; suitable for QSR or restaurant use.
    • High traffic count (approx. 17,000 cars/day).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -90.023558783243
    Latitude
    30.023499918412

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    FAQs

    What type of property is this?
    Restaurant - 1,320 SF, $240,000, High Traffic Area
    Where is this restaurant located?
    The property is located at 7100 Downman Rd New Orleans, LA.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: $240,000 asking price for a 1,320 sq ft retail property.; Located at 7100 Downman Rd, New Orleans, LA 70126.; 1-story, 1970-built building, zoned C-1.
    Request Owner's contact information
    7100 Downman Rd New Orleans, LA 70126
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    New Orleans, LA 70126
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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
    7100 Downman Rd New Orleans, LA 70126
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