Property profile

14281 Chef Menteur Hwy New Orleans, LA 70129

OFF-MARKET
Turn key restaurants
Property ID
US36-0363345
7,287 SF 1.15 ac lot Built 1980
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 7,287-square-foot retail property, located at 14281 Chef Menteur Highway in New Orleans, Louisiana, presents a unique investment opportunity. The single-tenant building sits on a spacious 50,000-square-foot lot, offering ample off-street parking. Its prime location boasts 100 feet of frontage along Chef Menteur Highway, ensuring excellent visibility and accessibility. Currently vacant, this property is ideally suited for a variety of uses, particularly as an event space, given its size and prominent location. The property is zoned S-B2 (Suburban Pedestrian-oriented Corridor Business District) in Orleans Parish, zip code 70129. All dimensions are approximate and should be independently verified by prospective buyers or lessees. Similarly, zoning regulations, overlays, and permitted uses must be confirmed by the prospective buyer or lessee. This is a one-story building. The Orleans Parish Assessor's Parcel Number (APN) is 39W948117. This presents a rare chance to acquire a substantial retail space in a high-traffic area of New Orleans East. Serious inquiries are encouraged.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Total area 7,287 SF
Lot 1.15 ac (50,000 SF)
APN 39W948117
UPID US36-0363345

Cap rate & NOI

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

Location

14281 Chef Menteur Hwy New Orleans, LA 70129-2040
New Orleans metro Census 1750 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

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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