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Property profile

818 Howard Ave New Orleans, LA 70113

OFF-MARKET
Retail properties & Spaces
27,058 SF Built 1917
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Property summary

AI-generated overview

This exceptional 27,058-square-foot retail property, located at 818 Howard Avenue in New Orleans' Arts and Museum District, presents a unique investment opportunity. The building, constructed in 1917 and extensively renovated in 2020, boasts a striking five-story structure with spectacular downtown skyline views. Currently vacant, this single-tenant property offers significant potential for a variety of retail uses. The building's rich history is complemented by its modern upgrades, ensuring a blend of character and contemporary functionality. The property features gated parking for added convenience and security. Situated in Orleans Parish, Louisiana, with a zip code of 70113, this location offers excellent visibility and accessibility. The building's previous use included housing the Museum of the Southern Jewish Experience and fourteen luxury apartments, demonstrating its adaptability and capacity for diverse tenants. The substantial square footage provides ample space for a large-scale retail operation or a creative adaptive reuse project. This is a rare chance to acquire a landmark property in a thriving New Orleans neighborhood. The 2020 renovation ensures modern infrastructure and systems are in place, minimizing upfront capital expenditures. The property's size and location make it an ideal candidate for a flagship retail store or a mixed-use development.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1917
Total area 27,058 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Physician
  • Freight Service Logistics Company
  • History Museum
  • Employment Agency

Location

818 Howard Ave New Orleans, LA 70113
New Orleans metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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