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    1051 Annunciation St New Orleans, LA 70130

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    For Sale
    $2,500,000

    Restaurant space for sale in the New Orleans Warehouse District.

    Property size:
    4,800 SF

    Property Features for 1051 Annunciation St

    General Information

    Size
    4,800 SF

    Source: Schaffer Mickal Agent Schaffer Mickal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant in Cotton Mill

    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.
    Location Intelligence

    Current Use by Public Records

    Plates Restaurant & Bar Restaurant Sac-a-Lait Cajun Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Clothing Store Daycare Center

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

    Similar Places Nearby

    NEXT TO EAT, Food Barbeaux and Resurrection Garden & Grocery, TheCookingBeauty, Joel Catering, Good4ortune LLC

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0680664
    Latitude
    29.9407416

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    FAQs

    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 St 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.
    (504) 669-6935
    Request Owner's contact information
    1051 Annunciation St New Orleans, LA 70130
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    New Orleans, LA 70130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1051 Annunciation St New Orleans, LA 70130
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