New Orleans CBD Rehabilitation Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Multi-Family
Catylist Listing ID: 30853528
Status: Pending/Contingent
Building Size (RSF): 5,300 SF
Gross Building Area: See Agent
Gross Land Area: 1,969 SF
Sale Price: $540,000
Unit Price: $101.89 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Marlin Bar
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2023

Overview / Comments

This 2 and 3-story building, formerly the Marlin Bar, needs a complete renovation, The property should qualify for historic rehabilitation tax credits.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 105101405
Zoning: CBD-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: St. Charles and Carondelet
Property Visibility: Good
Property Condition: Poor

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,379 188,637 405,679
Median Age: 41.3 35.94 36.95
Households: 9,905 82,709 170,628


Photograph of Listing Agent

Robert E Talbot

Talbot Realty Group New Orleans, LA 70130
LACDB Member
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