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Property profile & analytics
FOR SALE
Retail space

401 Decatur St New Orleans, LA 70130

7,560 SF 0.07 ac lot Built 1850
Entity Owned Absentee Owner Free & Clear
Property ID
US36-0544162
Property summary
AI-generated overview

This exceptional mixed-use property, located at 401 Decatur Street and encompassing 505 & 507 Conti Street in the heart of New Orleans' French Quarter, presents a compelling redevelopment opportunity. The three interconnected buildings, totaling 9,424 square feet, boast four stories and elevator service. Built in 1800, the property is zoned VCC-2 and offers a unique blend of retail space and upper-floor apartments. The second floor presents additional retail potential, enhancing the property's versatility. Situated on a prominent corner, this location benefits from high tourist and local foot traffic, making it ideal for a variety of uses. The 400 block of Decatur Street is known for its strong retail presence, including numerous national retailers. This offering includes the sale of 509 Conti Street, creating a significant and cohesive investment opportunity. The asking price is $3,670,000, translating to $389.43 per square foot. This is a rare chance to acquire a dynamic space in a vibrant, high-demand area, with a motivated seller eager to finalize a transaction. The property's visibility and location within the French Quarter ensure a strong return on investment. Don't miss this chance to own a piece of New Orleans history and capitalize on its immense potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1850
Total area 7,560 SF
Lot 0.07 ac (3,181 SF)
APN 206101601
UPID US36-0544162
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$861k
Blend (final) Blend
$690k
Owner & transaction history
RFS ENTERPRISES LLC F
RFS ENTERPRISES LLC F
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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