CBD Retail For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30851817 |
| Property Subtypes: |
Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
8,212 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2,882 SF
|
| Sale Price: |
$1,850,000 |
| Unit Price: |
$225.28 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/20/2023 |
Overview / Comments
Very well zoned and well situated hospitality property for sale. Excellent event venue, bar, club and/or restaurant use with the potential for upper floor short-term rental or boutique hotel, in an incredibly well located position just two blocks to the French Quarter.
The building features separate entrances for the ground-level retail space and the upper stories, providing flexibility to accommodate multiple businesses or single-tenant occupancy. The first three (3) stories are elevator serviced. The fourth (4th) level contains a penthouse structure at the rear of the property which leads out to a huge deck spanning all the way to the street. The active rooftop provides exciting city views and endless possibilities.
The price per square foot is well supported at $225 per SF, with entry pricing well below replacement cost. The structure may also be eligible for Federal and State Historic Tax Credits for qualifying renovation costs. Please contact broker for more information on available tax incentives for redevelopment.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Greater New Orleans |
| Tax ID/APN: |
105101703 |
| Zoning: |
CBD-1 |
| Retail Clientele: |
General, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: |
Gravier St and Common St |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Canal Street |
| Feet of Frontage: |
265 |
| Tenancy: |
Multiple Tenants |
| Number of Stories: |
35 |
| Typical SF / Floor: |
2,915 SF |
| Property Condition: |
Good |
| Roof Type: |
Flat |
| Passenger Elevators: |
1 |
| Zoning Description: |
CBD-1 Core Central Business District |
| Lot Frontage: |
26.5 |
| Lot Depth: |
110 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
18,393 |
195,914 |
411,292 |
| Median Age: |
39.84 |
35.74 |
36.97 |
| Households: |
9,428 |
85,001 |
172,842 |
|
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The information presented herein is provided as is, without warranty of any kind.
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