14281 Chef Menteur HwyNew Orleans, LA 70129

Property Details for 14281 Chef Menteur Hwy

Year built

1980

Lot size

1.15 AC

Property size (Sq ft)

7,287 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

39W948117

APU

39W948117

Description

This exceptional 7,287-square-foot retail property, located at 14281 Chef Menteur Highway in New Orleans, Louisiana, presents a unique investment opportunity. The single-tenant building sits on a spacious 50,000-square-foot lot, offering ample off-street parking. Its prime location boasts 100 feet of frontage along Chef Menteur Highway, ensuring excellent visibility and accessibility. Currently vacant, this property is ideally suited for a variety of uses, particularly as an event space, given its size and prominent location. The property is zoned S-B2 (Suburban Pedestrian-oriented Corridor Business District) in Orleans Parish, zip code 70129. All dimensions are approximate and should be independently verified by prospective buyers or lessees. Similarly, zoning regulations, overlays, and permitted uses must be confirmed by the prospective buyer or lessee. This is a one-story building. The Orleans Parish Assessor's Parcel Number (APN) is 39W948117. This presents a rare chance to acquire a substantial retail space in a high-traffic area of New Orleans East. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,698,708

  6.5%

  $1,568,038

  7%

  $1,456,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,400,764

  Geo Method

  $1,305,443

• Alternative Use

  Use

  Valuation

  Residential

  $1,322,698

  Hospitality

  $1,211,585

  Educational

  $1,008,024

  Medical

  $1,042,692

  Retail

  $1,568,038

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

30.0366

Longitude

-89.914

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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