5033 Freret StNew Orleans, LA 70115

Property Details for 5033 Freret St

Year built

1930

Lot size

0.09 AC

Property size (Sq ft)

4,464 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

614331401

APU

614331401

Description

This exceptional 400-square-foot commercial space is ideally located on the vibrant Freret Street, nestled between Another Bar and Bub's Burgers, ensuring high visibility and consistent foot traffic. Previously occupied by a restaurant, this single-tenant space is now available for a diverse range of non-restaurant uses, including retail, traditional office, executive office, or creative office spaces. The property is part of a larger two-story building totaling 5,442 square feet, offering a versatile layout perfect for businesses seeking a customizable environment. The interior features a single, large open room, providing flexibility for any tenant's specific needs and design preferences. The zoning designation is HU-MU, allowing for a variety of commercial applications. This prime location in the Uptown submarket presents a unique opportunity to establish a thriving business in a bustling and desirable neighborhood. While there is no on-site parking, the property's excellent location offers easy access to public transportation and ample street parking options. This blank canvas awaits your creative vision and entrepreneurial spirit. Seize this chance to secure a prominent space in a thriving commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,040,624

  6.5%

  $960,576

  7%

  $891,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,105

  Geo Method

  $799,711

• Alternative Use

  Use

  Valuation

  Residential

  $810,282

  Hospitality

  $742,214

  Educational

  $617,513

  Medical

  $638,751

  Retail

  $960,576

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9351

Longitude

-90.1091

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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