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Property profile

2600 St Claude Ave New Orleans, LA 70117

OFF-MARKET
Warehouses
19,619 SF
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Property summary

AI-generated overview

This exceptional New Orleans property at 2600 St. Claude Avenue presents a unique redevelopment opportunity. The 19,619 square foot building, situated on a 21,132 square foot lot, is offered at $750,000, significantly below land value. The three-story structure is currently vacant and zoned HMC-2, allowing for diverse development options. Its prime location at the corner of Franklin and St. Claude Avenues offers unparalleled access to the vibrant St. Roch Market (just two blocks away) and numerous restaurants within walking distance. The sale includes the building and an adjacent lot, expanding development possibilities. The property's multiple lot designations provide flexibility for various projects. Approved architectural plans for affordable housing, vetted by the Historic District Landmarks Commission, are available. While the building does not qualify for historic tax credits, its below-market price and versatile zoning make it an attractive investment for residential, office, retail, or mixed-use developments. This is a rare chance to acquire a substantial property in a thriving New Orleans neighborhood.

Property profile

Verified
Property type Warehouses
Total area 19,619 SF

Cap rate & NOI

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

Location

2600 St Claude Ave New Orleans, LA 70117
New Orleans metro
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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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