2213 Washington Ave New Orleans, LA 70113
This 1,080-square-foot warehouse in New Orleans' Central City offers a unique investment opportunity. Located at 2213 Washington Ave, 70113, this single-unit property sits on a 3,920-square-foot lot and is zoned HU-RM1, allowing for potential redevelopment. Currently configured as a storage facility, the building presents immediate owner-occupied potential, addressing the limited supply of comparable storage options in the area. The asking price is $150,000. The property's industrial classification and warehouse subtype make it suitable for various uses, including storage and potential future development projects. The HU-RM1 zoning, specifically the Historic Urban Multi-Family Residential District designation, opens doors to a range of redevelopment possibilities, subject to city approvals and regulations. This property presents a compelling investment opportunity for those seeking a versatile asset in a desirable New Orleans location. The total net rentable square footage is 1,080 square feet, encompassing the entire building. The property's location in Orleans Parish, Louisiana, offers convenient access to local amenities and transportation networks. Serious inquiries are encouraged to explore this promising investment further.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.