1171 Annunciation StNew Orleans, LA 70130

Property Details for 1171 Annunciation St

Year built

1950

Lot size

0.05 AC

Property size (Sq ft)

4,482 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

102102702

APU

102102702

Description

This exceptional 3,900 square foot warehouse, situated on a 0.05-acre lot at 1171 Annunciation Street in New Orleans's desirable Uptown-Garden District submarket, presents a unique redevelopment or warehouse flex space opportunity. The single-story building features two drive-in doors, making loading and unloading efficient. Currently vacant, this property is ideal for a variety of uses. Its prime location at the highly trafficked corner of Annunciation and Calliope Streets offers excellent visibility and accessibility. The property is zoned HU-MU (Neighborhood Mixed-Use District), allowing for diverse development possibilities. The building's 3,900 square feet of space is available for a net-net-net (NNN) lease. All measurements are approximate and should be independently verified by the prospective tenant. Zoning, overlays, and intended use should also be verified by the prospective tenant. This is a rare opportunity to secure a well-located industrial property in a thriving New Orleans neighborhood. The property is located in Orleans Parish, Louisiana, with a zip code of 70130.

• CAP approach

  CAP return

  Valuation

  6%

  $1,044,821

  6.5%

  $964,450

  7%

  $895,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $861,565

  Geo Method

  $802,936

• Alternative Use

  Use

  Valuation

  Residential

  $813,549

  Hospitality

  $745,207

  Educational

  $620,003

  Medical

  $641,326

  Retail

  $964,450

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9391

Longitude

-90.0688

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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