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    119 Chef Menteur Hwy New Orleans, LA 70129

    For Sale
    $37,500

    3.5-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3.5-acre commercial land parcel presents a unique investment opportunity in New Orleans, Louisiana. Located at 119 Chef Menteur Highway, this property boasts an impressive 50,000 square feet of land, offering significant development potential. The lot features approximately 100 feet of frontage along Chef Menteur Highway and a depth of 500 feet, providing excellent visibility and accessibility. The property is zoned S-B2, allowing for a variety of commercial uses, subject to city approvals. The asking price is $37,500, translating to a land value of $0.75 per square foot. The property's location in Orleans Parish, with a zip code of 70129, places it within a thriving commercial corridor. This strategically located parcel offers significant advantages for businesses seeking a high-visibility presence. Furthermore, an adjacent 3.5-acre parcel is available for assembly, should a larger land area be required, presenting an opportunity to expand the development footprint. The Assessor's Parcel Number (APN) is 41118672. This property is ideal for developers and investors seeking a prime location for a variety of commercial ventures. Don't miss this chance to acquire this valuable piece of New Orleans real estate.

    Property Features for 119 Chef Menteur Hwy

    General Information

    Property type
    Land
    Lot Size
    152,460 SF

    HighLights

    • 3.5‑acre commercial land parcel in New Orleans, LA.
    • Located at 119 Chef Menteur Highway, Orleans Parish, 70129.
    • 50,000 square feet with 100 feet of highway frontage.
    • Zoned S‑B2, allowing various commercial uses (city approvals required).
    • Asking price: $37,500 ($0.75/sq ft).
    • Adjacent 3.5‑acre parcel available for potential expansion.
    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
    -89.903277
    Latitude
    30.039987

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    FAQs

    What type of property is this?
    Land - 3.5-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 119 Chef Menteur Hwy New Orleans, LA.
    What is the asking price?
    The asking price for this property is $37,500.
    What are key features of this property?
    This property features: 3.5-acre commercial land parcel in New Orleans, LA.; Located at 119 Chef Menteur Highway, Orleans Parish, 70129.; 50,000 square feet with 100 feet of highway frontage.
    (225) 237-3362
    Request Owner's contact information
    119 Chef Menteur Hwy New Orleans, LA 70129
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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
    119 Chef Menteur Hwy New Orleans, LA 70129
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