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1029 Oretha Castle Haley Blvd
New Orleans, LA 70113
Retail Property For Sale
Investment Highlights
- Prime corner location with exceptional visibility near the CBD and GNO Bridge.
- Strong tenant mix and adjacency to new residential developments.
- Flexible CBD-1 zoning allows for retail, restaurant, and showroom uses.
- Fully renovated in 2015, blending historic charm with modern retail design.
- On-site parking for 19 vehicles, with additional spaces available nearby.
Executive Summary
This highly visible retail property offers a rare opportunity to own a fully renovated historic building at the edge of New Orleans’ Central Business District. Originally an auto supply building, the asset was transformed in 2015 into a five-unit retail center with modern infrastructure and strong curb appeal. The property spans 12,500 square feet on a 0.25-acre lot and includes 19 off-street parking spaces, with the option to secure an additional 75 spaces nearby for under $1,000 per month.
Positioned on a prominent corner with visibility from the GNO Bridge, the site benefits from steady traffic and excellent connectivity to Uptown, Downtown, the Westbank, and Metairie. The surrounding area is experiencing continued growth, with adjacent condominium developments and a vibrant mix of residential and commercial activity. Current tenants include a wine shop, a pizza restaurant, and a nail salon, creating a diverse retail environment.
Zoned CBD-1, the property supports a wide range of retail and restaurant uses, making it ideal for investors seeking a stable, income-producing asset with upside potential. Offered at $2,500,000, this property combines historic character with modern functionality in one of New Orleans’ most dynamic corridors.
Positioned on a prominent corner with visibility from the GNO Bridge, the site benefits from steady traffic and excellent connectivity to Uptown, Downtown, the Westbank, and Metairie. The surrounding area is experiencing continued growth, with adjacent condominium developments and a vibrant mix of residential and commercial activity. Current tenants include a wine shop, a pizza restaurant, and a nail salon, creating a diverse retail environment.
Zoned CBD-1, the property supports a wide range of retail and restaurant uses, making it ideal for investors seeking a stable, income-producing asset with upside potential. Offered at $2,500,000, this property combines historic character with modern functionality in one of New Orleans’ most dynamic corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,500 SF
Building Class
C
Year Built
1900
Price
$3,421,975 CAD
Price Per SF
$273.76 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
CBD-1 - Core Central Business District is intended for high-density, mixed-use development that accommodates a wide range of uses, including large office, fin
Parking
19 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 1-02-1-064-01 | Improvements Assessment | $99,976 CAD |
| Land Assessment | $170,127 CAD | Total Assessment | $270,103 CAD |
Property Taxes
Parcel Number
1-02-1-064-01
Land Assessment
$170,127 CAD
Improvements Assessment
$99,976 CAD
Total Assessment
$270,103 CAD
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