421 Frenchmen St New Orleans, LA 70116
- Office buildings
- 15,308 SF
- 0.11 lot acres
Current Use by Public Records
- Consumer Protection Law Center / Attorney
- New Orleans Music And Heritage Tour / Tour Operator
- Louisiana Music Factory / Cd Store / Music Store
- Aphrodite Alcohol Programs New Orleans LA / Counselor
- Louisiana Citizens for Culture / Association Or Organization
Property Details for 421 Frenchmen St
- Year built
- 1890
- Lot size
- 0.11 lot acres
- Property size
- 15,308 SF
- Property type
- Office buildings
- APN
- 37W100112
- APU
- 37W100112
Description
This exceptional commercial property at 421 Frenchmen Street in New Orleans, LA, offers unparalleled office space in the heart of the vibrant French Quarter. The building, totaling 14,118 square feet, features a unique mixed-use zoning (HMC-2) allowing for a variety of commercial ventures. Two available suites, situated on the second and third floors, provide flexible leasing options. The second-floor suite offers approximately 4,020 square feet, while the third-floor suite ranges from approximately 3,853 to 4,373 square feet. These spaces can be leased individually or combined to accommodate various business needs. The property sits on a 0.13-acre lot and is a three-story building. Located at the intersection of Frenchmen and Decatur Streets, this location provides exceptional visibility and access to the bustling Frenchmen Street entertainment district, known for its lively atmosphere, diverse restaurants, bars, and music venues. The property's zoning allows for multiple uses, subject to verification by the lessee. All square footage measurements are approximate and should be independently verified. Tax credits, zoning details, overlays, and intended use are also the responsibility of the lessee to verify. This is a truly unique opportunity to establish a presence in one of New Orleans' most desirable and dynamic locations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $265,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $325,000
- Mixed-Use
- $280,000
- Hospitality
- $300,000
- Educational
- $295,000
- Residential Income
- $270,000
- Energy
- $275,000
- Income-Based Land
- $320,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.0574
- Latitude
- 29.9624
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
