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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

619-621 Carondelet St New Orleans, LA 70113

26,700 SF 0.37 ac lot
Property ID
Property summary
AI-generated overview

This exceptional New Orleans commercial property, located at 619-621 Carondelet Street, offers 26,700 square feet across two interconnected, two-story buildings. Priced at $5,200,000 ($194.76/sq ft), this Class B property sits on a 0.37-acre lot in the vibrant Warehouse District, directly across from The Barnett Hotel and two blocks from the South Market District. The main building, a historically significant Early Greek Revival structure dating back to 1853, features a large auditorium and a smaller kitchen/dining hall. An annex building was added in the 1970s. The property boasts a prime location with high foot traffic and streetcar access, offering excellent visibility. Currently leased month-to-month to an international experiential retail operator, this property presents a unique opportunity for redevelopment or repositioning into various commercial uses, including retail, hospitality, office, or mixed-use spaces. Its proximity to major hotels, museums, entertainment venues (including the Superdome and Smoothie King Arena), and the French Quarter ensures high demand and potential for significant returns. The property is zoned CBD-5 and underwent renovations in 2022. This is a rare chance to acquire a piece of New Orleans history with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
Total area 26,700 SF
Lot 0.37 ac (16,117 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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