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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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