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    Mixed-Use Building with Rooftop Title is generated by Realmo AI

    323 VERRET Street, New Orleans, LA 70114

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    Claim this Listing
    New
    For Sale
    $679,000

    COMMERCIAL - New Orleans, LA

    Property size:
    3,370 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $201/SF
    Added:
    Jun 17, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 18 at 11:06 am

    Property Features for 323 VERRET Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HU-B1A
    Standard status
    Active
    APN
    513101811
    Size
    3,370 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    SQ 17 REAR MOST PART OF LOT 8 AND LOT C OR NOW LOT X 45/12/27 X 70/59/32 323 VERRET ST

    Utilities

    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2

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    Listing Contact
    Sally Crawford

    Listing agent Sally Crawford

    Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA

    Listing date Jun 17, 2026

    MLS# 2563215

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2‑story mixed‑use building (three levels) built in 1910 with public water
    • Renovated in 2022
    • Ground floor leased to an established restaurant on a long‑term triple‑net lease, providing in‑place income (restaurant business not included)
    • Upper floor offers a fully renovated 1,315 SF 2BR/2BA residence with a private rooftop
    • Private rooftop includes skyline and river views
    • ADA features and two income streams (lease details to be verified by buyer)

    Overview

    This renovated 2022, two-story mixed-use building is described as a three-level property with ADA features. The ground floor is leased to an established restaurant under a long-term triple-net lease (in-place income is noted; the restaurant business is not included). The upper floor offers a fully renovated 1,315 SF 2BR/2BA residence, which can function as an owner’s suite or be used as a rental. A private rooftop is included, with the property remarks noting skyline and river views.

    The building is located in the heart of historic Algiers Point, across the river from the French Quarter and the Canal St. ferry. Parking, specific street frontage details, and other site access information are not provided in the remarks.

    For tenants, owners, and buyers seeking a live-and-lease setup, the combination of a leased ground-floor restaurant and an independently usable residence creates two stated income streams. Zoning is listed as HU-B1A, and the buyer is responsible for verifying all figures, zoning requirements, and lease terms.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $64.7k $19.20
    − Vacancy −$1.3k −$0.38
    EGI $63.4k $18.82
    − OpEx −$15.9k −$4.70
    NOI $47.6k $14.11
    3,370 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $679.4K
    $594.5K – $792.6K (±1% cap)
    NOI $47,557 @ 7.0% cap · market cap 7.00%
    Second Best
    Mixed Use
    $649.9K
    $568.7K – $758.3K (±1% cap)
    NOI $45,495 @ 7.0% cap · market cap 6.70%
    Theoretical Best
    Office A
    $856.5K
    $749.5K – $999.3K (±1% cap)
    NOI $59,958 @ 7.0% cap · market cap 8.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tonti's Cocktail Bar ... Restaurant

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0512028
    Latitude
    29.9526656

    FAQs

    What type of property is this?
    Mixed-use property - Renovated 2022 mixed-use property with a leased restaurant and an upstairs 2BR/2BA residence plus private rooftop space.
    Where is this mixed-use property located?
    The property is located at 323 VERRET Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: 2‑story mixed‑use building (three levels) built in 1910 with public water; Renovated in 2022; Ground floor leased to an established restaurant on a long‑term triple‑net lease, providing in‑place income (restaurant business not included)
    More about this property
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