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: $2,800,000
Unit Price: $167.18 PSF
Property Use Type: Business
Usable Size (USF): 16,748 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2023

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 the first floor is 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.

The second floor - in good condition has 11 rented studios for local artists - 1 studio downstairs.

Freight elevator. Rooftop for potential expansion. PRIME LOCATION!!!!

One rented studio space downstairs.

Freight elevators. Rooftop for possible expansion.


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

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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


Photograph of Listing Agent

Gina Rowbatham

Real Estate Resource Group LLC Covington, LA 70433
LACDB Member
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