435 Newton StNew Orleans, LA 70114

Property Details for 435 Newton St

Year built

1930

Lot size

0.09 AC

Property size (Sq ft)

3,189 SF

Property type

Investment properties

Property subtype

Live-work space

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.

• 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

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