Corner Retail
For Sale
$550,000
2003 ST CLAUDE Avenue, New Orleans, LA 70116
Commercial Sale, New Orleans, LA
Property Size2,892 SF
Lot Size0.04 Acres
Price / SF$190.18
Days on Market58
Property Features for 2003 ST CLAUDE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HMC-2
Lot features
Corner Lot
Directions
St. Claude Lakeside right on the Streetcar Line in the Marigny
Standard status
Active
APN
37W103701
Size
2,892 SF
Lot size
0.04 Acres
Additional Details
Tenant in Place
Yes
Corner Location
Yes
Taxes and HOA fees
Tax Description
SQ 388 LOT B PT 1 ST CLAUDE AND TOURO 31 X 62 OVER 55 C/BACK DBLE SIDING 5/RMS EACH S/R
Legal Description
SQ 388 LOT B PT 1 ST CLAUDE AND TOURO 31 X 62 OVER 55 C/BACK DBLE SIDING 5/RMS EACH S/R
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1830
Floors in Building
2
Building materials
Aluminum Siding, Wood Siding
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie A Witry · License #995710150
(504) 919-8585
Added: Sep 2
Changed: Oct 23
Last Checked: Oct 29 at 6:06PM
MLS# 2575399
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1830-built property contains three units: a 628-square-foot storefront at 2001, a 688-square-foot unit at 2003, and a 1,226-square-foot upstairs unit A. The building totals 2,892 square feet. The 2001 storefront has been leased to the same community store for more than a decade; that tenant would like to stay. The 2003 unit is owner-occupied and is to be vacated at closing. Public water and sewer serve the property, which has three electrical meters, one water meter, and no gas meter. The site is in Flood Zone X.
The building occupies a corner parcel on St. Claude Avenue, on the streetcar line. A separate parcel at 1113 Touro is included; it measures 36 by 31 feet, while the building parcel measures 31 by 62 feet. Both parcels are zoned HMC-2 and fall within the Faubourg Marigny Historic District. The property is also in the St. Claude Corridor Cultural Products District. Permitted uses include retail, restaurant, catering kitchen, art gallery, recording studio, childcare, educational and cultural facilities, hospitality center, place of worship, and social club or lodge.
The building occupies a corner parcel on St. Claude Avenue, on the streetcar line. A separate parcel at 1113 Touro is included; it measures 36 by 31 feet, while the building parcel measures 31 by 62 feet. Both parcels are zoned HMC-2 and fall within the Faubourg Marigny Historic District. The property is also in the St. Claude Corridor Cultural Products District. Permitted uses include retail, restaurant, catering kitchen, art gallery, recording studio, childcare, educational and cultural facilities, hospitality center, place of worship, and social club or lodge.
Key Highlights
- Three units totaling 2,892 square feet: 628‑square‑foot storefront, 688‑square‑foot unit, and 1,226‑square‑foot upstairs unit
- Corner property on St. Claude Avenue along the streetcar line
- Separate parcel at 1113 Touro included; parcel measures 36 by 31 feet, building parcel measures 31 by 62 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,042
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,840
$780.8K
Cap Rate 7%
$557,743
$557.7K
Cap Rate 9%
$433,800
$433.8K
Market Conditions
NOI Build-Up for 2,892 SF
Gross rent
$69.4K $24.00/SF
− Vacancy
−$6.9K −$2.40/SF
EGI
$62.5K $21.60/SF
− OpEx
−$23.4K −$8.10/SF
NOI
$39.0K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,840
Cap Rate 7%
$557,743
Cap Rate 9%
$433,800
Alternative Uses
Best Use
Mixed Use
$557.7K
$488.0K – $650.7K
NOI $39,042 @ 7.0% cap · market cap 7.10%
Second Best
Retail
$510.1K
$446.4K – $595.2K
NOI $35,710 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$735.1K
$643.2K – $857.6K
NOI $51,454 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,140
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 40%
Hotels & Casinos 18%
Starbucks
Dining
12,255 visits/mo
0.5 miles
Family Dollar
Shops & Services
11,454 visits/mo
0.5 miles
Best Western Plus French Quarter Courtyard Hotel
Hotels & Casinos
5,217 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
Similar Off Market Nearby
- CRAZY PLANT BAE — 716 N Claiborne Ave, New Orleans, LA 70116
- Flora Savage — 1301 Royal St, New Orleans, LA 70116
- MOSS New Orleans — 936 Esplanade Ave, New Orleans, LA 70116
- Conerly Floral — 1834 Burgundy St, New Orleans, LA 70116, United States
- All Star 💐 Balloons & More — 1531 N Claiborne Ave, New Orleans, LA 70116
Frequently Asked Questions
What type of property is this?
Storefront property - Three commercial units sit within the HMC-2 district, with a separate rear parcel included.
Where is this storefront property located?
The property is located at 2003 ST CLAUDE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three units totaling 2,892 square feet: 628‑square‑foot storefront, 688‑square‑foot unit, and 1,226‑square‑foot upstairs unit; Corner property on St. Claude Avenue along the streetcar line; Separate parcel at 1113 Touro included; parcel measures 36 by 31 feet, building parcel measures 31 by 62 feet
