4600 Claiborne AveNew Orleans, LA 70125

Property Details for 4600 Claiborne Ave

Year built

1980

Lot size

0.28 AC

Property size (Sq ft)

1,706 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

614340708

APU

614340708

Description

This exceptional mixed-use property, located at 4600 S Claiborne Ave in New Orleans, Louisiana, presents a compelling investment opportunity. Built in 1980, the single building structure offers a versatile space currently utilized as a medical practice. Its strategic Uptown New Orleans location within a concentration of similar medical facilities ensures high visibility and accessibility. The property's significant advantage lies in its abundant on-site parking, a highly desirable feature in this area. The asking price is $849,000. This property is ideally suited for medical professionals or businesses seeking a well-established presence in a thriving Uptown New Orleans neighborhood. The 70125 zip code offers convenient access to major thoroughfares and local amenities. The property's existing configuration as a medical practice provides a solid foundation for continued operation in the same field or allows for adaptable conversion to suit a variety of other professional uses. Serious inquiries are encouraged. The property is situated in Orleans Parish.

• CAP approach

  CAP return

  Valuation

  6%

  $270,540

  6.5%

  $249,729

  7%

  $231,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,135

  Geo Method

  $121,280

• Alternative Use

  Use

  Valuation

  Residential

  $309,664

  Hospitality

  $283,651

  Educational

  $235,994

  Medical

  $244,110

  Retail

  $367,102

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9396

Longitude

-90.106

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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