337 Carondelet StNew Orleans, LA 70130

Property Details for 337 Carondelet St

Year built

2012

Lot size

0.02 AC

Property size (Sq ft)

2,143 SF

Property type

Office properties

Property subtype

Other office properties

APN

104101738

APU

104101738

Description

This exceptional 2,278-square-foot retail space at 337 Carondelet Street in the heart of Downtown New Orleans presents a unique leasing opportunity. The property boasts a newly installed roof (December 2024) and a fully functional sprinkler system, ensuring both safety and peace of mind. Its prime location benefits from significant foot traffic, surrounded by thriving businesses including Olive, Luke, The Antidote Juice, Voodoo Two, Baroness, and Pizza Luna. The convenient location offers easy access to the streetcar line, and is approximately a 15-minute walk from Canal Street, placing it within easy reach of the Riverwalk and the French Quarter. The landlord is willing to provide a "white box" delivery for qualified tenants, offering flexibility in build-out. This is a single-tenant space with a triple net (NNN) lease structure, meaning condo dues, taxes, and insurance are included in the NNN fees. This presents a rare chance to establish a business in one of New Orleans' most vibrant and sought-after commercial districts.

• CAP approach

  CAP return

  Valuation

  6%

  $339,840

  6.5%

  $313,699

  7%

  $291,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,470

  Geo Method

  $152,346

• Alternative Use

  Use

  Valuation

  Residential

  $388,986

  Hospitality

  $356,309

  Educational

  $296,445

  Medical

  $306,640

  Retail

  $461,137

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9513

Longitude

-90.0715

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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