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    Mid City Restaurant Space Available Title is generated by Realmo AI

    125 N Carrollton Ave, New Orleans, LA

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    Restaurant space for lease in prime Mid City location.

    Type:RETAIL
    Property size:
    4,181 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $226/SF
    Added:
    Nov 24, 2025
    Days on Market:
    203
    Last Refresh:
    May 20 at 8:35 pm

    Property Features for 125 N Carrollton Ave

    General Information

    Standard status
    Active
    Size
    4,181 SF
    Lot size
    0.06 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 125 N Carrollton Ave Contact us

    We can help!

    Listing Contact
    Aaron Kazanoff
    Aaron Kazanoff

    Listing agent Aaron Kazanoff License #995700882

    Listing office ben + burka

    Listing date Nov 24, 2025

    Source Moodyscre

    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 ben + burka

    HighLights

    • Prime Mid City location on Carrollton Avenue, near Canal Street, with high foot traffic and visibility.
    • Existing restaurant build‑out on the ground floor (approx. 2,000 SF) including hood, grease trap, bar, kitchen equipment, and FF&E.
    • HU‑MU zoning allows for diverse uses including restaurant, retail, office, commercial, and residential.
    • Upstairs space in shell condition offers flexible options for expansion, office, or residential conversion with separate access.
    • Close proximity to numerous popular restaurants and retailers.
    • Opportunity for revitalization and customization of an existing restaurant space.

    Overview

    This ideally located restaurant space is available for lease in Mid City. Situated on Carrollton Avenue, just off Canal Street, the property was last operated as The Italian Pie. The ground floor, approximately 2,000 square feet, is fully built out as a restaurant space. It includes a hood, grease trap, bar, kitchen equipment, and FF&E, but requires updating due to being vacant for several years. The upstairs space is currently in shell condition and has separate access. It is suitable for additional dining space, office space, or conversion to a residential unit. The HU-MU zoning allows for various uses, including retail, office, restaurant, and other commercial and residential purposes. The property is in the heart of Mid City, near Zasu, Revel Cafe & Bar, Angelo Brocato, Mr. Ed’s, Ikura, Wit’s Inn, Cafe Minh, and numerous other local and national restaurants and retailers. The total property size is 4,181 square feet.

    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 $80.3k $19.20
    − Vacancy −$1.6k −$0.38
    EGI $78.7k $18.82
    − OpEx −$19.7k −$4.70
    NOI $59.0k $14.11
    4,181 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $842.9K
    $737.5K – $983.4K (±1% cap)
    NOI $59,002 @ 7.0% cap · market cap 6.24%
    Second Best
    Retail
    $737.5K
    $645.3K – $860.5K (±1% cap)
    NOI $51,627 @ 7.0% cap · market cap 5.46%
    Theoretical Best
    Office A
    $1.06M
    $929.8K – $1.24M (±1% cap)
    NOI $74,387 @ 7.0% cap · market cap 7.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Italian Pie Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Mayas Food Connection — 4301 Tulane Ave, New Orleans, LA 70119
    • Sodexo — 4621 Canal St, New Orleans, LA 70119
    • Toulouse Gourmet Catering — 3811 Toulouse St, New Orleans, LA 70119
    • The High Horse Mobile Bar — 3828 Bienville St, New Orleans, LA 70119

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1003
    Latitude
    29.9753

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space for lease in prime Mid City location.
    Where is this restaurant located?
    The property is located at 125 N Carrollton Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $945,000.
    What are key features of this property?
    This property features: Prime Mid City location on Carrollton Avenue, near Canal Street, with high foot traffic and visibility.; Existing restaurant build‑out on the ground floor (approx. 2,000 SF) including hood, grease trap, bar, kitchen equipment, and FF&E.; HU‑MU zoning allows for diverse uses including restaurant, retail, office, commercial, and residential.
    (512) 799-3069 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aaron Kazanoff
    Aaron Kazanoff
    Real Estate License ID: 995700882
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