213 Baronne StNew Orleans, LA 70112

Property Details for 213 Baronne St

Year built

1910

Lot size

0.07 AC

Property size (Sq ft)

8,250 SF

Property type

Office properties

Property subtype

Office buildings

APN

105101702

APU

105101702

Description

This 8,212 square foot, single-tenant retail property located at 213 Baronne Street in New Orleans, Orleans Parish, Louisiana (zip code 70112) presents a unique opportunity. The building, ideally suited for restaurant, bar, club, or event venue use, boasts 2,882 square feet of ground-level retail space with separate entrances for upper floors, allowing for flexible multi-use or single-tenant occupancy. The first three floors are conveniently served by an elevator. A remarkable feature is the fourth-floor penthouse with access to a large rooftop deck offering expansive city views. This deck extends to the street, providing exceptional potential. The property's excellent zoning and location, just two blocks from the French Quarter, contribute to its high desirability. The asking price is $8 per square foot. Furthermore, the structure may qualify for Federal and State Historic Tax Credits for eligible renovation expenses. This presents a compelling investment opportunity in a vibrant and sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,308,297

  6.5%

  $1,207,659

  7%

  $1,121,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $629,317

  Geo Method

  $586,492

• Alternative Use

  Use

  Valuation

  Residential

  $1,497,497

  Hospitality

  $1,371,700

  Educational

  $1,141,238

  Medical

  $1,180,487

  Retail

  $1,775,259

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.953

Longitude

-90.0725

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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