1857 Agriculture StNew Orleans, LA 70119

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

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.

• 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

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

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