This exceptional 16,306 square foot commercial land parcel presents a unique investment opportunity in New Orleans' vibrant Mid-City neighborhood. Located at 502 N. Alexander Street, this property boasts a highly desirable location at the corner of N. Alexander and St. Louis Streets. The lot is fully fenced, providing immediate security and versatility for a range of potential uses. Zoned HU-MU, the property is ideally suited for infill development projects or as a secure storage yard. Its substantial size offers ample space for various commercial endeavors. The asking price for this prime Mid-City property is $685,000. Given its location, size, and zoning, this parcel represents a compelling investment opportunity with significant potential for future growth and return. The property's address is 502 N. Alexander St, New Orleans, LA 70119. Its coordinates are 29.98012 latitude and -90.100955 longitude, within Orleans Parish. This is a rare opportunity to acquire a sizable, well-located commercial lot in a thriving New Orleans neighborhood. Serious inquiries are encouraged.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$960,576
Hospitality
$879,883
Educational
$732,052
Medical
$757,229
Retail
$1,138,748
Location Insight
City
New Orleans
County
Orleans
State
Louisiana
Latitude
29.9801
Longitude
-90.101
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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