435 Newton StNew Orleans, LA 70114
- Mixed-use properties
- 3,189 SF
Property Details for 435 Newton St
- Year built
- 1930
- Lot size
- 0.09 AC
- Property size (Sq ft)
- 3,189 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 513207919
- APU
- 513207919
Description
This exceptional mixed-use property at 435 Newton St., Algiers Point, offers ±2,815 square feet of versatile space on a ±0.1-acre corner lot (re-subdivided from ±6,161 SF), allowing for potential patio expansion. The ground floor boasts a nearly complete restaurant build-out, ready for customization. A second-floor residential unit provides flexibility for owner occupancy or rental income. An undeveloped rear structure offers additional storage or supplemental use potential. Located in the charming Algiers Point neighborhood, this property benefits from its artsy vibe, walkable streets, and proximity to the French Quarter via ferry. The HU-MU (Historic Urban Neighborhood Mixed-Use District) zoning, within an AC-2 Arts and Culture Diversity Overlay District, allows for a variety of uses. All measurements are approximate and should be verified by the purchaser. Zoning, overlays, permits, and intended use must also be independently verified. All existing restaurant furniture, fixtures, and equipment (FF&E) are available for inclusion in the sale. Additional contiguous land may be available. The asking price is $679,999. The property consists of one, two-story building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $505,716
- 6.5%
- $466,815
- 7%
- $433,471
-
Comparable approach
- Method
- Valuation
- Relative Method
- $243,260
- Geo Method
- $226,706
-
Alternative Use
- Use
- Valuation
- Residential
- $578,851
- Hospitality
- $530,224
- Educational
- $441,140
- Medical
- $456,312
- Retail
- $686,218
Location Insight
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Latitude
- 29.9452
- Longitude
- -90.0512
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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