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Property profile & analytics
OFF-MARKET Estimated value $2,345,000
Grocery and convenience stores

4600 Chef Menteur Hwy New Orleans, LA 70126-5011

58,002 SF 5.12 ac lot Built 1990
Entity Owned Absentee Owner Free & Clear
Property ID
US36-0328362
Property summary
AI-generated overview

This exceptional retail opportunity presents a 223,027 square foot lot (approximately 5 acres) at 4600 Chef Menteur Highway in New Orleans, Louisiana. The property boasts a single, one-story building totaling 60,209 square feet, with 60,069 square feet currently vacant. Located in the Greater New Orleans submarket of Orleans Parish, this C-2 zoned site benefits from exceptional visibility and accessibility. Situated off the Louisa Street I-10 exits, the property enjoys high traffic counts exceeding 24,000 vehicles daily on US Highway 90, providing significant exposure to potential customers. The site offers direct visibility to Interstate 10 and is strategically positioned near established national retailers such as AutoZone, Harbor Freight Tools, McDonald's, and Raising Cane's, creating a strong retail synergy. The building was renovated in 2024. This is a prime location for a variety of retail uses, offering a unique chance to establish a presence in a thriving commercial area. The property is ideal for a business seeking high visibility and convenient access to a large customer base. The site's substantial size and prime location make it an outstanding investment opportunity.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1990
Total area 58,002 SF
Lot 5.12 ac (222,826 SF)
APN 39W955316
UPID US36-0328362
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
  • Harbor Freight Tools Building Supply Hardware & Home Improvement
  • Lillie Halsell Pharmacy
  • AutoZone Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$2.35M
Owner & transaction history
Lakeland West Capital 50 LLC
Lakeland West Capital 50 LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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