1111 Tulane Ave New Orleans, LA 70112
- Investment properties
- 193,712 SF
- 0.56 lot acres
Current Use by Public Records
- 2 Bedroom Luxury condos in Downtown New Orleans / Hotel
- Upscale Condos and Penthouses Close to Canal & Bourbon St. / Hotel
- Girls trip room / Homestay
- Hotel / Hotel
- California Building - Urban Apartment Rentals by Hosteeva / Furnished Apartment Building / Lodging
Property Details for 1111 Tulane Ave
- Year built
- 1900
- Lot size
- 0.56 lot acres
- Property size
- 193,712 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 105102205
- APU
- 105102205
Description
This exceptional 4,376 square foot retail space presents a unique investment opportunity in the heart of New Orleans' Downtown submarket. Situated on the ground floor of a 167-unit condominium development, which also possesses a hospitality license, this single-tenant property boasts a highly desirable location. The space is a blank canvas ("open white box"), offering maximum flexibility for tenant build-out and customization. Its strategic corner location directly benefits from high foot traffic and vehicular traffic counts along Tulane Avenue. Further enhancing its appeal, the property is conveniently situated at a bus stop and directly across the street from the Tulane Medical School campus, ensuring a consistent flow of potential customers. Located in Orleans Parish, Louisiana, at 1111 Tulane Avenue, New Orleans, LA 70112, this property offers unparalleled access to a vibrant and densely populated area. The property type is retail, with a single tenancy. This presents a rare chance to establish a thriving business in a prime location with significant pedestrian and vehicular traffic. The property's proximity to a major educational institution and its high visibility make it an ideal space for a variety of retail uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $635,000
- 6.5%
- $670,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $640,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $635,000
- Mixed-Use
- $655,000
- Hospitality
- $645,000
- Educational
- $700,000
- Residential Income
- $680,000
- Energy
- $605,000
- Income-Based Land
- $745,000
- Food Service
- $765,000
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.0741
- Latitude
- 29.9547
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
