1857 Agriculture StNew Orleans, LA 70119

  • Other commercial real estate
  • 6,393 SF
For Lease
$10.56/SF/YR View listing

Property Details for 1857 Agriculture St

Year built
1940
Construction
CONCRETE BLOCKS
Lot size
0.47 AC
Property size (Sq ft)
6,393 SF
Property type
Other commercial real estate
Property subtype
Showrooms
APN
37W314712
APU
37W314712

Description

This exceptional 7,950-square-foot flex space in New Orleans, Louisiana, presents a unique investment or leasing opportunity. Located at 1857 Agriculture Street, this single-tenant property boasts dual frontage on Agriculture Street and Florida Avenue, ensuring high visibility and convenient access. The versatile layout includes office, showroom, and industrial areas, catering to a wide range of business needs. The property is situated in Orleans Parish, zip code 70119, and is zoned MU-1, allowing for diverse commercial projects. A significant advantage is the large rear parking lot, offering potential for future development or expansion. This property is ideal for businesses seeking a well-located, adaptable space with excellent street presence. The property's size and zoning make it suitable for a variety of commercial uses, providing flexibility for both tenants and investors. The combination of office, showroom, and industrial space makes it a truly versatile option in a desirable New Orleans location. The dual street frontage provides exceptional visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The ample parking in the rear adds further value and potential for future development. This is a rare opportunity to secure a well-positioned, adaptable commercial property in a thriving New Orleans neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,490,303
    6.5%
    $1,375,664
    7%
    $1,277,402
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,228,912
    Geo Method
    $1,145,286
  • Alternative Use

    Use
    Valuation
    Residential
    $1,160,424
    Hospitality
    $1,062,942
    Educational
    $884,356
    Medical
    $914,770
    Retail
    $1,375,664
1857 Agriculture St, New Orleans, Louisiana

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
29.9876
Longitude
-90.066
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$5,100
$46,280
$51,380
-
$51,000
$308,500
$359,500

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