2100 Oretha Castle Haley BlvdNew Orleans, LA 70113

Property Details for 2100 Oretha Castle Haley Blvd

Year built

1930

Lot size

0.16 AC

Property size (Sq ft)

5,731 SF

Property type

Office properties

Property subtype

Office buildings

APN

412201907

APU

412201907

Description

This exceptional mixed-use property, located at 2100 Oretha Castle Haley Blvd in New Orleans, LA, presents a compelling redevelopment opportunity. The 4,596 square foot building sits on a 6,860 square foot lot and is zoned HU-MU. Currently configured as a three-building complex, it includes a 1,454 square foot office space with a private office, conference room, two open bullpen areas, 1.5 bathrooms, and a kitchen. The office space has recently housed two separate businesses. Upstairs are two 729 square foot, two-bedroom, 1.5-bathroom residential units, each with a balcony overlooking Oretha Castle Haley Boulevard. Additionally, there are two separate one-bedroom, one-bathroom carriage houses. The property offers abundant off-street parking for seven or more vehicles. This move-in ready property is ideal for an owner-occupant seeking significant rental income from the four residential units. The property's size and zoning make it ripe for repositioning or new construction, offering considerable upside potential for a savvy investor. The asking price is $995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $908,831

  6.5%

  $838,921

  7%

  $778,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $437,166

  Geo Method

  $407,417

• Alternative Use

  Use

  Valuation

  Residential

  $1,040,261

  Hospitality

  $952,874

  Educational

  $792,780

  Medical

  $820,045

  Retail

  $1,233,213

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9373

Longitude

-90.0821

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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