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    923 Julia St New Orleans, LA 70113

    Sponsored
    For Sale
    $2,550,000

    Prime New Orleans land, 12,246 SF, $2.55M

    Property size:
    12,246 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,246 square foot commercial and residential development site is ideally situated at 923 Julia Street in the heart of New Orleans' Central Business District (CBD). Located between Baronne Street and O'Keefe Avenue, this property presents a unique opportunity for high-density development. The permitted CBD-5 zoning allows for a substantial building, with regulations permitting a six-story structure up to 75 feet tall within 20 feet of the property line. Beyond that 20-foot boundary, an additional four stories, reaching a maximum height of 125 feet, are permissible. While a previous conditional use approval for a hotel has expired, this versatile site offers significant potential for a variety of mixed-use projects, capitalizing on its prime location and generous building allowances. The asking price for this exceptional property is $2,550,000, translating to $208.23 per square foot. The property's address is 923 Julia Street, New Orleans, Louisiana, 70113, within Orleans Parish. Detailed information is available upon request. This is a rare opportunity to acquire a substantial development site in a thriving New Orleans location.

    Property Features for 923 Julia St

    General Information

    Property type
    Land
    Square Feet
    12,246 SF

    HighLights

    • $2,550,000 asking price.
    • 12,246 square foot land parcel.
    • $208.23 per square foot.
    • CBD‑5 zoning.
    • Located at 923 Julia Street, New Orleans, LA 70113.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premium Parking - P0912 Parking Lot 923 Julia St ... Parking Lot

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    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
    -90.07464
    Latitude
    29.946964

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    FAQs

    What type of property is this?
    Land - Prime New Orleans land, 12,246 SF, $2.55M
    Where is this land located?
    The property is located at 923 Julia St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: $2,550,000 asking price.; 12,246 square foot land parcel.; $208.23 per square foot.
    Request Owner's contact information
    923 Julia St New Orleans, LA 70113
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    New Orleans, LA 70113
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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
    923 Julia St New Orleans, LA 70113
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