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    502 Alexander St New Orleans, LA 70119

    Sponsored
    For Sale
    $685,000

    Prime Commercial Land, 16,306 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,306 square foot commercial land parcel presents a unique investment opportunity in New Orleans' vibrant Mid-City neighborhood. Located at 502 N. Alexander Street, this property boasts a highly desirable location at the corner of N. Alexander and St. Louis Streets. The lot is fully fenced, providing immediate security and versatility for a range of potential uses. Zoned HU-MU, the property is ideally suited for infill development projects or as a secure storage yard. Its substantial size offers ample space for various commercial endeavors. The asking price for this prime Mid-City property is $685,000. Given its location, size, and zoning, this parcel represents a compelling investment opportunity with significant potential for future growth and return. The property's address is 502 N. Alexander St, New Orleans, LA 70119. Its coordinates are 29.98012 latitude and -90.100955 longitude, within Orleans Parish. This is a rare opportunity to acquire a sizable, well-located commercial lot in a thriving New Orleans neighborhood. Serious inquiries are encouraged.

    Property Features for 502 Alexander St

    General Information

    Property type
    Land

    HighLights

    • 16,306 SF commercial lot in New Orleans' Mid‑City.
    • Located at 502 N. Alexander St, corner of N. Alexander & St. Louis Streets.
    • Fully fenced lot, HU‑MU zoning, ideal for infill development or storage.
    • Asking price: $685,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -90.100955
    Latitude
    29.98012

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, 16,306 SF
    Where is this land located?
    The property is located at 502 Alexander St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: 16,306 SF commercial lot in New Orleans' Mid-City.; Located at 502 N. Alexander St, corner of N. Alexander & St. Louis Streets.; Fully fenced lot, HU-MU zoning, ideal for infill development or storage.
    Request Owner's contact information
    502 Alexander St New Orleans, LA 70119
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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
    502 Alexander St New Orleans, LA 70119
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