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Turn-Key Restaurant in Cotton Mill
For Sale
$2,500,000

1051 Annunciation Street, New Orleans, LA 70130

Restaurant space for sale in the New Orleans Warehouse District.

Property Size4,800 SF
Price / SF$520.83
Days on Market251

Property Features for 1051 Annunciation Street

General Information

Standard status Active
Size 4,800 SF
Property subtype Retail
Listing Agency:
Listed By: Schaffer Mickal · License ##995702343
Source: Naiglobal
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: May 8 at 8:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Schaffer Mickal

Investment Insights

Based on property information with market context.

A 4,800 square foot turn-key restaurant is available for purchase in the historic Cotton Mill, a condominium community centrally located in the New Orleans Warehouse District. The restaurant space includes all furniture, fixtures, and equipment, allowing a new operator to begin operations quickly. The location at the corner of Annunciation and John Churchill Chase Streets provides exposure to local residents and visitors to the New Orleans area. The restaurant space includes a 650 square foot patio, a walk-in freezer, two stand-up freezer units, a dishwashing room with stainless steel tables and wash basins, a stainless steel commercial hood with a fire retardant system, two Atsoa freezer/refrigerators, one Continental refrigerator, and a Vulcan 8 burner range with ovens below. Condo fees are $2,200 per month, covering water, trash, and some insurance.

Key Highlights

  • Turn‑key restaurant opportunity in the historic Cotton Mill condos.
  • Includes all FF&E for immediate operation.
  • Prime corner location at Annunciation and John Churchill Chase Streets.

Property Analytics

Current Use

Plates Restaurant & Bar Restaurant Sac-a-Lait Restaurant

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Fish Market Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,416
Businesses Nearby
128k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 67% Shops & Services 24% Office Supplies 5% Electronics 3%
Raising Cane's Chicken Fingers Dining
19,194 visits/mo 0.4 miles
Shell Shops & Services
16,707 visits/mo 0.4 miles
Houston's Dining
15,342 visits/mo 0.5 miles
Wendy's Dining
14,807 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
12,559 visits/mo 0.5 miles

Demographics for 70130, LA

14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value

Market

Properties on Market for Restaurants in New Orleans

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019
7.2% 2020
5.7% 2021
4.3% 2022
3.6% 2023
3.9% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • TheCookingBeauty — St Thomas St, New Orleans, LA 70130
  • Joel Catering — 1911 Magazine St, New Orleans, LA 70130
  • Good4ortune LLC — 1805 S Rampart St, New Orleans, LA 70113
  • 2 Girls And A Spoon — 923 Constance St, New Orleans, LA 70130
  • Table Toppers LLC — 1201 Annunciation St, New Orleans, LA 70130

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant space for sale in the New Orleans Warehouse District.
Where is this restaurant located?
The property is located at 1051 Annunciation Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Turn‑key restaurant opportunity in the historic Cotton Mill condos.; Includes all FF&E for immediate operation.; Prime corner location at Annunciation and John Churchill Chase Streets.
More about this property
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