8739 Oak StNew Orleans, LA 70118

Property Details for 8739 Oak St

Year built

1940

Lot size

0.18 AC

Property size (Sq ft)

2,981 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

716200406

APU

716200406

Description

This exceptional mixed-use property at 8739 Oak Street in New Orleans, Louisiana, presents a unique investment opportunity. Boasting 90 feet of prime Oak Street frontage and a total lot size of 7,909 square feet, this property sits on three lots and offers unparalleled versatility. Currently configured as a blend of commercial and residential space, the property includes a 2,982 square foot building constructed in 1923. The zoning, HU-MU, permits a wide range of uses, including but not limited to: restaurant, bakery, winery, artist studios, multi-family residential, offices, warehouse, or a return to its original use as a corner grocery. The property's history includes a long-standing graphics shop and currently features one active clothing shop and a vacant residential apartment that previously leased for $1,500 per month. The vacant lot offers additional development potential. High traffic visibility and a central location make this an ideal investment for entrepreneurs and developers seeking a blank canvas to create their vision. The asking price is $989,000, translating to $331.66 per square foot. The property is easily shown and ready for its next chapter. This is a rare chance to acquire a substantial mixed-use property in a thriving New Orleans neighborhood. The property includes three units.

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9521

Longitude

-90.1353

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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