St. Roch Area Commercial Space

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30787500
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,781 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $396.72 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 3,781 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2022

Overview / Comments

2401 St. Claude Ave is an exceptional multi-use standalone building that would benefit from an owner/user or as an investment. Situated on an extremely visible corner of a signaled intersection, this stretch of St. Claude Avenue attracts both residents and visitors and sees a steady stream of foot and car traffic in this dynamic commercial corridor in the St. Roch area.

The space is immediately adjacent to St. Roch Market, a historic market that was turned into a highly trafficked food hall featuring a variety of local food vendors, and near other established restaurants and retail shops. It is diagonally adjacent from the New Orleans Healing Center, a community center that includes a food co-op, restaurant, fitness center, performance space, art galleries, and more.

This Italianate-style building was recently renovated, restoring it to its former beauty, including refurbishing its original wrap-around balcony. The building is ideal for restaurant use with the second floor being used as an event space or a separate office unit. The entire building is 3,781 sf total, with first floor at 2,299 sf and second floor at 1,482 sf.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41069111
Zoning: HMC-2
Retail Clientele: General, Family, Business, Other
Property Located Between: St. Roch Ave and Music St
Property Visibility: Good
Largest Nearby Street: St Claude Ave
Traffic/Vehicle Count: 29,729
Highway Access: Easy connections to I-10 and Claiborne
Site Description: Heavily residential area with strong commercial corridor in St Claude Ave. Consists of many art galleries, restaurants, and more.
Area Description: This area is easily accessible via public transit. There are two New Orleans bus lines that stop at the front door, and the Rampart-St. Claude streetcar line is only four blocks away. Additionally, there is a dedicated bike lane along St. Claude Avenue.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Parking Description: street
Interior Description: Recently renovated, this features four fully finished bathrooms, finished bar with drains, multiple HVAC systems, fully functioning fire alarm system, grease trap, 2" gas line. It is ready for hood installation.
Zoning Description: The HMC-2 Historic Marigny/Tremé/Bywater Commercial District is intended to permit more intensive commercial uses than the HMC-1 District, yet protect the historic character of the Marigny/Tremé/Bywater area. Uses include but are not limited to art gallery, bar (conditional), micro-brewery, micro-distillary, office, restaurant, and short-term rental.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,531 152,170 370,330
Median Age: 39.13 36.96 35.92
Households: 12,872 65,565 155,169

Contact

Photograph of Listing Agent

Austin Lavin, CCIM

Corporate Realty - Main Office New Orleans, LA 70170-0000
LACDB Member
Photograph of Listing Agent

Michael J Siegel, SIOR

Corporate Realty - Main Office New Orleans, LA 70170-0000
LACDB Member
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