435 Newton StNew Orleans, LA 70114

  • Mixed-use properties
  • 3,189 SF
For Sale
$679,999 View listing

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
435 Newton St, New Orleans, Louisiana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$1,230
$28,930
$30,160
-
$12,300
$228,700
$241,000

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