619-621 Carondelet St New Orleans, LA 70113
Property profile & analytics
619-621 Carondelet St, New Orleans, LA 70113
- Retail properties & Spaces
- 26,700 SF
- 0.37 lot acres
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 619-621 Carondelet St
- Lot size
- 0.37 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Hospitality properties
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.0817
- Latitude
- 29.9422
