Oak Street Leased Restaurant Investment

Retail-Commercial for Sale
Catylist Listing ID: 30619456
Property Subtypes: Restaurant
Building Size (RSF): 4,567 SF
Gross Land Area: 3,700 SF
Sale Price: $1,225,000
Unit Price: $268.23 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 11/29/2021

Overview / Comments

Two-story uptown restaurant available for sale. Located just off Carrollton Avenue, with easy access from the St Charles Avenue Streetcar, Oak Street is a quaint uptown hub with a rich food and beverage scene and a main street small town feel. This restaurant is located in the middle of the thoroughfare and benefits from being one of the only two-story restaurant properties with a front balcony overlooking the street. It also has a side balcony which could become a wrap-around balcony with additional construction.

The restaurant was renovated down to the studs in 2013 and is in great condition. The first floor features a large dining room, full kitchen (equipment not included) with multiple hood vents and walk in refrigerator, a bar with 15+ taps, plus a to-go food window that is separate from the other entrances (ideal for pandemic closure or people on the go). The second floor, serviced by an elevator as well as two staircases, has a second bar, another dining room (perfect for private events) with access to the balcony for seating, a separate keg cooler, office, and restrooms. See attached plans for more detail. The building is equipped with a generator, security system, and a shared driveway for deliveries.

The exterior was recently painted with Rhino Shield ceramic coating.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41137137
Zoning: HU-MU

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,317 162,979 407,940
Median Age: 31.04 36.89 38.17
Households: 8,939 69,942 176,708

Contact

Photograph of Listing Agent

Andrea A Huseman, CCIM

Corporate Realty - Canal Place New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Scott Graf, CCIM

Corporate Realty - Main Office New Orleans, LA 70130
LACDB Member
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