Catylist ID:
#30835301
Prime Location in New Orleans Bywater!!!!
Retail-Commercial
for Sale
| Catylist Listing ID: | 30835301 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 16,748 SF |
| Sale Price: | $3,500,000 |
| Unit Price: | $208.98 PSF |
| Property Use Type: | Business |
| Usable Size (USF): | 16,748 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/15/2023 |
Overview / Comments
|
Historic 1915 building in the Bywater. Complete restoration in 2020 to the exterior and bottom floor. Built per HDLC/Historic Restoration Guidelines/ADA Compliant. Turn-key downstairs used as a restaurant, bar, brewery (10 barrel system including the fermenters and 5 10-barrel brite tanks). Fully equipped open kitchen with two walk-in refrigerators. Upstairs has 13 long-term rented, month-to-month studio spaces for local artists. One rented studio space downstairs. Freight elevators. Rooftop for possible expansion. PRIME LOCATION! |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Greater New Orleans |
| Tax ID/APN: | 39W106621 |
| Zoning: | HM/MU |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Located Between: | Royal/Montegut/Chartres/Clouet |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Royal |
| Feet of Frontage: | 139 |
| Site Description: | 140 x 66 approximate lot size |
| Area Description: | Bywater Historic District - Close to NOCCA |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Renovated: | 2022 |
| Exterior Description: | 2022 exterior and downstairs completely restored - including HVAC, Electrical, Plumbing, Concrete Floors, etc. Second floor remains as it was when purchased in 2013 |
| Parking Description: | Historic residential neighbor - most residents have driveways for parking. Ample street parking available. |
| Freight Elevators: | 1 |
| Sprinklers: | Wet |
| Heat Source: | Central |
| Interior Description: | New (2020) HVAC systems for downstairs Window units for studios upstairs |
| Zoning Description: | HM/MU - Historic Urban/Multi-use |
| Lot Frontage: | 140 |
| Lot Depth: | 66 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Lot 18, Sq 142, City of New Orleans, Parish of Orleans - State of Louisiana |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 23,595 | 146,882 | 371,722 |
| Median Age: | 39.61 | 37.18 | 35.85 |
| Households: | 11,425 | 64,192 | 154,797 |
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