Two-Story Restaurant
For Sale
$425,000
1400 Frenchmen Street, New Orleans, LA 70116
The corner property includes off-street parking and a layout previously used for food service, bar operations, and live music.
Property Size1,874 SF
Price / SF$226.79
Days on Market95
Property Features for 1400 Frenchmen Street
General Information
Standard status
Active
Size
1,874 SF
Property subtype
Commercial
Zoning
HMR-2
Site & Location
Neighborhood
Seventh Ward
Building Details
Building Size
1,874 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Jul 21
Changed: Oct 23
Last Checked: Oct 23 at 4:10PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This two-story commercial property at 1400 Frenchmen Street was built in 1960 and formerly operated as a restaurant, bar, and live music venue, including under the name Superb Pearl. Its corner position and off-street parking are part of the existing property configuration.
The property is on Frenchmen Street in New Orleans. Zoning is HMR-2.
The property is on Frenchmen Street in New Orleans. Zoning is HMR-2.
Key Highlights
- Two‑story commercial building constructed in 1960
- Former restaurant, bar, and live music venue, including Superb Pearl
- Corner property on Frenchmen Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,446
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,920
$528.9K
Cap Rate 7%
$377,800
$377.8K
Cap Rate 9%
$293,844
$293.8K
Market Conditions
NOI Build-Up for 1,874 SF
Gross rent
$36.0K $19.20/SF
− Vacancy
−$720 −$0.38/SF
EGI
$35.3K $18.82/SF
− OpEx
−$8.8K −$4.70/SF
NOI
$26.4K $14.11/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,920
Cap Rate 7%
$377,800
Cap Rate 9%
$293,844
Alternative Uses
Best Use
Specialty Retail
$377.8K
$330.6K – $440.8K
NOI $26,446 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,342 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
McDonald's
Dining
19,863 visits/mo
0.5 miles
Shell
Shops & Services
14,799 visits/mo
0.2 miles
Starbucks
Dining
12,255 visits/mo
0.2 miles
Family Dollar
Shops & Services
11,454 visits/mo
0.1 miles
Shell
Shops & Services
8,100 visits/mo
0.4 miles
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The corner property includes off-street parking and a layout previously used for food service, bar operations, and live music.
Where is this conventional restaurant located?
The property is located at 1400 Frenchmen Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑story commercial building constructed in 1960; Former restaurant, bar, and live music venue, including Superb Pearl; Corner property on Frenchmen Street
