Special Restaurant Space Avail in Mid City N.O.
Retail-Commercial
for Lease
| Catylist Listing ID: |
30808097 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Other
|
| Contiguous Space: |
1,077 SF |
| Building Size (RSF): |
1,077 SF |
| Gross Building Area: |
2,700 SF |
| Lease Rate: |
$30 - 36 PSF (Annual)
|
| Base Monthly Rent: |
$2,692 - 3,231 |
| Lease Types: |
NNN |
| Ceiling: |
20 ft. |
| Building Name: |
Mayhew Bakery |
| Usable Size (USF): |
1,077 SF |
| Last Updated: |
6/23/2022 |
Overview / Comments
Space was built out for specialty restaurant, a bakery that is currently operating and lease runs through September 31, 2022. Tenant is interested in selling equipment. Current tenants employees are interested in continuing to operate the space but no formal offers have been made.
Owner/Agent has office space at 3205 Orleans Ave. The outdoor space was recently upgraded, featuring solar panels and artificial turf. Use of the outdoor space will be conditional as part of new lease.
12 of the 400 watt solar panels are tied to the 3201 Orleans Ave. grid for net metering, which reduces Entergy expenses. The space does not currently have gas but can be added since gas lines are on site. Water meter is shared with other tenant, 50/50.
The air condition maintenance will be a condition of any new lease. Electrical meters are separated.
|
| Space Available: |
1,077 SF |
| Lease Rate: |
$30 - 36 PSF (Annual)
$2,692 - 3,231 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Remodeled in 2019 and built out for bakery, formerly a wood frame baptist church that had complete mechanicals upgraded, grease trap installed, ADA ramp, and modern interior build outs. |
| Space Subcategory: |
Mixed Use, Net Leased |
| Date Available: |
10/1/2022 |
| Lease Term: |
36 Months |
| Space Type: |
Relet |
| Tax Expenses |
$1.50 PSF (Annual) |
| Operating Expenses |
$2.50 PSF (Annual) |
| CAM Expenses |
$2.50 PSF (Annual) |
| Rent Escalators |
Index Lease |
| Rent Escalators Description |
4% annually |
| Rent Concession |
TBD |
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket Type: |
Historic District |
| Taxing Authority: |
New Orleans |
| Tax ID/APN: |
41019197 |
| Zoning: |
NNN NEIGHBORHOOD BUSINESS - B1 |
| Retail Clientele: |
General, Family, Business, Tourist |
| Property Located Between: |
N. Broad St and Carrollton Ave. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Norman C Francis Pkwy |
| Feet of Frontage: |
29 |
| Traffic/Vehicle Count: |
9,000 |
| Highway Access: |
I-10 AND I-610 |
| Airports: |
MSY |
| Site Description: |
Two lots subdivided into 1, outdoor space and common areas are shared. |
| Area Description: |
Located in the Faubourg St. John neighborhood, near Bayou St. John. Area has seen high demand with lots of renovations and increased property values. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
1,000 SF |
| Property Condition: |
Excellent |
| Year Built: |
1920 |
| Year Renovated: |
2019 |
| Roof Type: |
Gable |
| Construction/Siding: |
HardiePlank Siding |
| Exterior Description: |
Hardi siding with lush landscaping and trees |
| Parking Type: |
Surface |
| Parking Description: |
Street parking for customers, clients, and employees |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Other |
| Air Conditioning: |
Other |
| Internet Access: |
Cable, DSL, Fiber Optic |
| Interior Description: |
Sheetrock ceiling and walls, recessed lighting, and lots of natural lights (windows) |
| Zoning Description: |
Neighborhood Commercial zoning with some provisos, same as B-1 zoning. Specialty restaurants are permitted use, cannot be full restaurant. Liquor license not allowed. |
| Lot Frontage: |
29 |
| Lot Depth: |
120' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
28,826 |
194,370 |
378,009 |
| Median Age: |
35.87 |
36.4 |
37.2 |
| Households: |
12,063 |
83,708 |
162,873 |
|
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