2438 Bell StNew Orleans, LA 70119

Property Details for 2438 Bell St

Year built

1940

Construction

CONCRETE BLOCKS

Lot size

0.06 AC

Property size (Sq ft)

4,457 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

37W209307

APU

37W209307

Description

This exceptional 1,017 square foot commercial space, located at 2438 Bell Street in New Orleans' vibrant Mid-City neighborhood, presents a fantastic leasing opportunity. Situated in a mixed-use building totaling 2,063 square feet, this suite (Suite B) is immediately available and boasts a highly desirable location, just off North Broad and Esplanade Avenue. The property is zoned HU-MU and offers a move-in ready space suitable for a variety of uses, including food and beverage (F&B), traditional retail, or office space. The suite includes a convenient kitchen prep area, ample storage, and a dedicated restroom. A separate and secure employee entrance enhances both convenience and security. The property shares a grease trap with the adjacent co-tenant, Leo's Bread, which also holds certain exclusive rights related to some F&B uses. This prime location offers easy access to City Park, the Fair Grounds Race Course & Slots, the French Quarter, and Downtown New Orleans, surrounded by a thriving mix of restaurants, bars, and retail establishments. The Orleans Parish property (APN 37W209307) is part of the Greater New Orleans submarket and offers a unique chance to establish a business in a dynamic and desirable area. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,038,993

  6.5%

  $959,070

  7%

  $890,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $856,759

  Geo Method

  $798,457

• Alternative Use

  Use

  Valuation

  Residential

  $809,012

  Hospitality

  $741,050

  Educational

  $616,545

  Medical

  $637,749

  Retail

  $959,070

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9755

Longitude

-90.0762

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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