Neighborhood Bar With Adjoining
For Sale
$425,000
1832 Seventh St, New Orleans, LA 70115
Includes a commercial kitchen, performance-friendly layout, storage, and separate patron and staff facilities.
Property Size2,700 SF
Price / SF$157.41
Days on Market74
Property Features for 1832 Seventh St
General Information
Standard status
Active
Size
2,700 SF
Additional Details
Land Use
commercial
Amenities
kitchen
walk-in cooler
office
bathrooms
storage space
green rooms
Building Details
Year Built
1964
Listing Agency:
REVE, REALTORS
Listed By:
Tracey Moore · License #73376
(504) 352-3303
Source:
Dominionplace
Added: Aug 3
Changed: Oct 7
Last Checked: Oct 7 at 4:21PM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This bar property includes a commercial kitchen with a walk-in cooler, office space, three bathrooms, and substantial storage. Two of the bathrooms serve patrons, while the third is designated for staff. A storage area could be adapted for additional bar use. The layout also accommodates live performances, with two potential green rooms and one positioned beside the performance area. FF&E is included in the sale.
The package includes the bar at 1832 Seventh St and the adjacent vacant lot at 3008 Dryades. The property includes 2,700 square feet, with the neighboring lot adding 1,500 square feet. St. Charles Avenue is located a few blocks away. The building dates to 1964, and zoning is to be verified by the purchaser.
The package includes the bar at 1832 Seventh St and the adjacent vacant lot at 3008 Dryades. The property includes 2,700 square feet, with the neighboring lot adding 1,500 square feet. St. Charles Avenue is located a few blocks away. The building dates to 1964, and zoning is to be verified by the purchaser.
Key Highlights
- Bar and adjoining vacant lot offered together
- 2,700‑square‑foot property with an additional 1,500‑square‑foot lot
- Kitchen includes a walk‑in cooler and FF&E is included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,243
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,860
$504.9K
Cap Rate 7%
$360,614
$360.6K
Cap Rate 9%
$280,478
$280.5K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$34.3K $12.72/SF
− Vacancy
−$687 −$0.25/SF
EGI
$33.7K $12.47/SF
− OpEx
−$8.4K −$3.12/SF
NOI
$25.2K $9.35/SF
Area
ZIP 70115
Vacancy
2.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,860
Cap Rate 7%
$360,614
Cap Rate 9%
$280,478
Alternative Uses
Best Use
Specialty Retail
$360.6K
$315.5K – $420.7K
NOI $25,243 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.3K
$623.3K – $831.1K
NOI $49,864 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,551
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 43%
Shops & Services 2%
McDonald's
Dining
29,032 visits/mo
0.3 miles
The Fresh Market
Groceries
22,387 visits/mo
0.3 miles
Whitney Bank
Shops & Services
1,011 visits/mo
0.3 miles
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes a commercial kitchen, performance-friendly layout, storage, and separate patron and staff facilities.
Where is this bar & pub located?
The property is located at 1832 Seventh St 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: Bar and adjoining vacant lot offered together; 2,700‑square‑foot property with an additional 1,500‑square‑foot lot; Kitchen includes a walk‑in cooler and FF&E is included
