2123 Tchoupitoulas StNew Orleans, LA 70130

Property Details for 2123 Tchoupitoulas St

Year built

1920

Lot size

0.75 AC

Property size (Sq ft)

26,972 SF

Property type

Showrooms

APN

411101501

APU

411101501

Description

This exceptional warehouse property, located at 2123 Tchoupitoulas St in New Orleans' Lower Garden District, offers 26,712 square feet of versatile space across two connected buildings. The property boasts a 32,640 square foot lot, 15-foot eave height, and a 28-foot ridge height, providing ample room for various uses. Four dock-high doors (one internal) facilitate efficient loading and unloading. The warehouse features 3-phase, 400-amp electric service. Zoned HU-MU, the property currently holds a legal non-conforming use as a warehouse. Its strategic location offers excellent visibility on Tchoupitoulas Street, with easy access to I-10, the Crescent City Connection, and the Port of New Orleans. Nearby amenities include the Convention Center, Mardi Gras World, and numerous breweries, restaurants, and shops. The property is also within close proximity to recent developments, including The Exchange Pickleball + Bar and the redevelopment of the former Sara Mayo Hospital. Minimum leasable space is 11,505 square feet, with a maximum contiguous space of 26,712 square feet. The roof coating has a warranty extending through March 2029. Surface parking is available. Potential uses include warehouse, catering kitchen, brewery, distillery, artisan manufacturing, health club, social club, indoor amusement facility, or recording studio. This property presents a strong investment opportunity with significant long-term value and potential for future redevelopment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,287,572

  6.5%

  $5,803,913

  7%

  $5,389,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,184,769

  Geo Method

  $4,831,948

• Alternative Use

  Use

  Valuation

  Residential

  $4,895,818

  Hospitality

  $4,484,543

  Educational

  $3,731,087

  Medical

  $3,859,405

  Retail

  $5,803,913

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.924

Longitude

-90.0709

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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