502 Alexander StNew Orleans, LA 70119

  • Commercial land
  • 0.12 AC
For Sale
$685,000 View listing

Property Details for 502 Alexander St

Lot size
0.12 AC
Property type
Commercial land
APN
207210301
APU
207210301

Description

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

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
-
$7,940
-
$7,940
-
$79,400
-
$79,400

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