4600 Chef Menteur HwyNew Orleans, LA 70126

Property Details for 4600 Chef Menteur Hwy

Year built

1990

Lot size

5.12 AC

Property size (Sq ft)

58,002 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

39W955316

APU

39W955316

Description

This exceptional retail opportunity presents a 223,027 square foot lot (approximately 5 acres) at 4600 Chef Menteur Highway in New Orleans, Louisiana. The property boasts a single, one-story building totaling 60,209 square feet, with 60,069 square feet currently vacant. Located in the Greater New Orleans submarket of Orleans Parish, this C-2 zoned site benefits from exceptional visibility and accessibility. Situated off the Louisa Street I-10 exits, the property enjoys high traffic counts exceeding 24,000 vehicles daily on US Highway 90, providing significant exposure to potential customers. The site offers direct visibility to Interstate 10 and is strategically positioned near established national retailers such as AutoZone, Harbor Freight Tools, McDonald's, and Raising Cane's, creating a strong retail synergy. The building was renovated in 2024. This is a prime location for a variety of retail uses, offering a unique chance to establish a presence in a thriving commercial area. The property is ideal for a business seeking high visibility and convenient access to a large customer base. The site's substantial size and prime location make it an outstanding investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $13,521,125

  6.5%

  $12,481,038

  7%

  $11,589,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,149,599

  Geo Method

  $10,390,873

• Alternative Use

  Use

  Valuation

  Residential

  $10,528,223

  Hospitality

  $9,643,796

  Educational

  $8,023,524

  Medical

  $8,299,466

  Retail

  $12,481,038

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

30.0052

Longitude

-90.0348

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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