The JOY Theater

Special Purpose for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30474971
Property Subtypes: Sports/Entertainment
Building Size (RSF): 13,800 SF
Gross Building Area: See Agent
Sale Price: $5,800,000
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2019

Overview / Comments

The JOY is a 1,200 capacity historic theater and entertainment complex originally built in 1947, and reopened in 2011 after an extensive and complete multi-million dollar renovation. It is situated on Canal and Basin near the French Quarter, and located within the Opportunity Zone.

This is an investment offering as the property is leased to two tenants, an entertainment company operator and a billboard company operator, generating significant net operating income for the property owner.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41031506

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,086 198,784 409,559
Median Age: 38.91 35.77 37.11
Households: 10,457 86,340 172,215

Contact

Photograph of Listing Agent

Randy Argote

Don Randon Real Estate, Inc.
New Orleans, LA
LACDB Member
Photograph of Listing Agent

Don Randon

Don Randon Real Estate Inc New Orleans, LA
LACDB Member
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