Rare Central Business District CBD-1 Zoned Building

Retail-Commercial for Sale
Catylist Listing ID: 30835167
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,235 SF
Gross Building Area: 7,490 SF
Sale Price: $2,599,000
Unit Price: $359.23 PSF
Ceiling: 13 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: P/G Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2023

Overview / Comments

CBD-1 Zoned 2-story building in high-density Central Business District. Rare offering with a wide variety of retail and hospitality uses, including Hotel, Restaraunt, Bar, Entertainment, and Short Tern Rental. The Ground floor operated as P&G Restaurant for 30 years. The second floor, with a separate entrance and elevator access, is currently used for receptions and a cocktail concept business

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Taxing Authority: Orleans Parish
Tax ID/APN: 104102203
Zoning: CBD-1
Retail Clientele: General, Business, Tourist, Convention
Property Located Between: Poydras and Canal , 1-10 and Mississippi River
Property Visibility: Excellent
Largest Nearby Street: Poydras
Feet of Frontage: 35
Highway Access: I-10 1 mile away
Airports: MSY
Site Description: High Traffic location surrounded by hotels including La Pavillion, Hilto Homewood Suites, NOPSI, Marriot- Fairfield Inn , Less than 1 mile to Superdome, French Quarter, Ceasars
Area Description: Central Business District
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,225 SF
Year Built: 1900
Year Renovated: 1993
Roof Type: Other
Construction/Siding: Brick
Exterior Description: 2 story brick building
Passenger Elevators: 1
Sprinklers: Other
Heat Type: Other
Heat Source: Central
Air Conditioning: Other
Interior Description: 30 year old restaurant downstairs
Zoning Description: The CBD-1 Core Central Business District is intended for high-density, mixed-use development that accommodates a wide range of uses, including large office, financial, and commercial services uses that serve the local, regional, and national markets, as well as multi-family housing, retail, entertainment, hotel, government, and institutional uses
Lot Frontage: 35
Lot Depth: 128
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: SQ 263 LOT 4 OR 3 BARONNE 34' 9 X 128' 5'' OVER 122 9 343-45 2. BARONNE STREET

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,412 193,362 405,832
Median Age: 39.34 35.71 36.95
Households: 8,774 83,946 170,510


Photograph of Listing Agent

Eric Wilkinson

French Quarter Realty New Orleans, LA 70116
LACDB Member
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