Property profile

2511 Jena St New Orleans, LA 70115

OFF-MARKET
Retail space
Property ID
US36-0384411
845 SF 0.04 ac lot Built 1920
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 845-square-foot commercial property, located on Freret Street in Uptown New Orleans's thriving submarket, presents a unique investment opportunity. Recently renovated in 2024, this single-tenant space boasts a versatile layout suitable for various uses, including traditional office, executive office, coworking, creative office, or even medical office space. The property's HU-MU zoning allows for a wide range of businesses. Its prime location offers easy access to the vibrant Freret Street corridor and benefits from its proximity to a planned Trader Joe's, promising increased foot traffic and visibility. The building features one story and is conveniently situated adjacent to a city lot providing ample parking for over 50 vehicles. The space includes a rear exterior door leading to a small outdoor area, adding further appeal and functionality. The property is equipped with two-phase power. This is a rare opportunity to secure a renovated, versatile commercial space in one of New Orleans's most sought-after neighborhoods. The building's single-story design and convenient parking make it an attractive option for a variety of businesses. This Orleans Parish property offers a blend of convenience, accessibility, and potential for growth in a rapidly developing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction TYPE NOT SPECIFIED
Total area 845 SF
Lot 0.04 ac (1,575 SF)
APN 614330918
UPID US36-0384411

Cap rate & NOI

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

Location

2511 Jena St New Orleans, LA 70115-6322
New Orleans metro Census 11100 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2013
1 recorded transaction
2013
$30,000

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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