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1310 Constance St 1,950 SF 100% Leased Retail Building New Orleans, LA 70130 $2,363,459 CAD ($1,212.03 CAD/SF) 5.85% Cap Rate



Investment Highlights
- Newly built in 2023 with contemporary architectural design and high-end finishes.
- Fully permitted and managed commercial short-term rental operation on the upper floors.
- Durable concrete and masonry construction designed for longevity and minimal maintenance.
- Ground floor leased to a salon/spa tenant through 2028, providing immediate rental income.
- Fully permitted and managed commercial short-term rental operation on the upper floors.
Executive Summary
1310 Constance Street offers an investment-ready, new-construction mixed-use property located in New Orleans’ sought-after Lower Garden District. Developed by Inhab and designed by Studio BKA, this property pairs long-term durability with refined design elements that elevate the tenant and visitor experience. Its contemporary architecture is highlighted by custom arched openings, curated materials, and a distinctive façade that integrates modern aesthetics with neighborhood context.
The ground floor is occupied under a lease through 2028 by a salon/spa tenant, providing secure in-place income. The upper level features a fully permitted commercial short-term rental operation, professionally managed and demonstrating strong performance metrics. Outdoor spaces include a shared courtyard with Spanish-inspired landscaping and an in-ground pool, creating an inviting atmosphere for guests and residents alike.
Strategically positioned near Magazine Street, the Central Business District, and the Warehouse District, this property offers proximity to retail corridors, entertainment hubs, and business centers. Its durable masonry construction ensures resilience and low operating costs, presenting an opportunity for investors seeking an asset with stabilized cash flow and future upside in one of New Orleans’ high-demand submarkets.
The ground floor is occupied under a lease through 2028 by a salon/spa tenant, providing secure in-place income. The upper level features a fully permitted commercial short-term rental operation, professionally managed and demonstrating strong performance metrics. Outdoor spaces include a shared courtyard with Spanish-inspired landscaping and an in-ground pool, creating an inviting atmosphere for guests and residents alike.
Strategically positioned near Magazine Street, the Central Business District, and the Warehouse District, this property offers proximity to retail corridors, entertainment hubs, and business centers. Its durable masonry construction ensures resilience and low operating costs, presenting an opportunity for investors seeking an asset with stabilized cash flow and future upside in one of New Orleans’ high-demand submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,950 SF
Building Class
B
Year Built
2024
Price
$2,363,459 CAD
Price Per SF
$1,212.03 CAD
Cap Rate
5.85%
NOI
$138,262 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.05
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Frontage
44’ on Constance Street
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-01-1-038-03 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,205 CAD | Total Assessment | $5,205 CAD |
Property Taxes
Parcel Number
1-01-1-038-03
Land Assessment
$5,205 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,205 CAD
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1310 Constance St
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