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Restaurant Space with Bar
For Lease
$5,000/Mo

1506 S CARROLLTON Avenue, New Orleans, LA 70118

Commercial Lease, New Orleans, LA

Space SizeContact for details
Days on Market262

Property Features for 1506 S CARROLLTON Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning HU-B1
Directions HEAD SOUTH ON S. CARROLLTON FROM CLAIBORNE
Standard status Active
APN 716205201
Size 1,760 SF

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1930
Floors in Building 1
Building materials Synthetic Stucco
Listing Agency: Keller Williams Realty NO
Listed By: Patrick Liberto · License #995693947
Added: Feb 3 Changed: Oct 23 Last Checked: Oct 23 at 3:06PM
MLS# 2541384

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,760-square-foot restaurant space at 1506 S Carrollton Avenue includes a dining room with wood flooring and 11-foot ceilings, a separate bar, and a kitchen finished with new tile flooring and an existing hood system. Outdoor seating is also part of the property. The building dates to 1930 and has central heating and air conditioning.

The property is zoned HU-B1. Natural gas is available, and the site is served by public water and sewer.

Key Highlights

  • 1,760 square feet of restaurant space
  • Dining room with wood floors and 11‑foot ceilings
  • Separate bar area and outdoor seating

Property Analytics

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Current Use

Cafetomas Uptown Restaurant

Suggested Use

Top Pick Dental Office HVAC Service Auto Parts Store Electrical Service Auto Repair Shop Building Supply

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

Lease Details

Yes
Commercial hood
NNN (Triple Net)
Lease Type
$5.11 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,515
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 79% Dining 21%
Chevron Shops & Services
5,992 visits/mo 0.1 miles
Whitney Bank Shops & Services
4,842 visits/mo 0.2 miles
SUBWAY Dining
2,825 visits/mo 0.2 miles

Demographics for 70118, LA

35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for New Orleans, LA

$27.1 /SF/Yr
Avg Asking Price
$9.04–$68 /SF/Yr
Price Range
48,700 SF
Avg Space Size

This space is priced 26% above the average of $27.1 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The kitchen includes a hood system, with outdoor seating also available.
Where is this conventional restaurant located?
The property is located at 1506 S CARROLLTON Avenue New Orleans, LA.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: 1,760 square feet of restaurant space; Dining room with wood floors and 11‑foot ceilings; Separate bar area and outdoor seating
More about this property
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