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Property profile & analytics
OFF-MARKET
Retail space

241 Harrison Ave New Orleans, LA 70124-1302

2,890 SF 0.17 ac lot Built 1950
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US36-0567934
Property summary
AI-generated overview

This exceptional 1,400-square-foot retail space is ideally situated in New Orleans' vibrant Lakeview neighborhood at 241 W Harrison Ave. Located at the rear of the building, this single-tenant property offers a peaceful retreat from the bustling Harrison Avenue while maintaining convenient access to the area's amenities and thriving commercial and residential districts. The space boasts ample room for diverse uses, including retail, office, studio, or creative workspace. A large storage closet provides extra storage, enhancing the property's practicality. A significant advantage is the inclusion of a roll-up door, adding versatility for businesses needing easy access for inventory, equipment, or simply maximizing natural light and ventilation. This feature significantly enhances the space's functionality. The property's APN is 716502515, and it's located in Orleans Parish, Louisiana, zip code 70124. This 1,400 square foot space presents a compelling opportunity for businesses seeking a private yet accessible location with versatile features to accommodate a wide range of needs. The entire space is currently vacant. The property is classified as Commercial, Mixed Use, and Retail-Pad.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 2,890 SF
Lot 0.17 ac (7,200 SF)
APN 716502515
UPID US36-0567934
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Carmichael Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Wenchen LLC · 11 yrs held
Wenchen LLC
since 2015
2 recorded transactions
2015
$480,100
2015
$185,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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