Two-Story Bar & Pub with
For Sale
$850,000
2303 Hickory Ave, River Ridge, LA 70123
C-2 property includes a commercial kitchen, walk-in freezer, private upper-level space, and on-site parking.
Property Size5,350 SF
Lot Size0.38 Acres
Price / SF$158.88
Days on Market68
Property Features for 2303 Hickory Ave
General Information
Standard status
Active
Size
5,350 SF
Lot size
0.38 Acres
Property subtype
Retail
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Amenities
mini stage
private space with bath
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Elifin Realty
(985) 703-1140
Listed By:
Brady Becker · License #955716500
(985) 703-1140
Source:
Lacdb.resimplifi
Added: Jun 23
Changed: Aug 29
Last Checked: Aug 29 at 10:35AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
Located at 2303 Hickory Ave in River Ridge, this 5,350-square-foot, two-story bar and pub is configured for single-tenant occupancy on approximately 0.38 acres. The first floor combines a substantial seating area with a full commercial kitchen, walk-in freezer, two restrooms, a rear outdoor patio, and a mini stage. Upstairs, a private room includes a sink and a full bathroom with tub.
Furniture, fixtures, and equipment are included in the sale, supporting continued use as an operating bar and pub. Alcohol inventory is also available for purchase. The property provides on-site parking and frontage along Hickory Ave, with access to Dickory Ave and Earhart Expy approximately 4 minutes away. C-2 General Commercial zoning applies.
Furniture, fixtures, and equipment are included in the sale, supporting continued use as an operating bar and pub. Alcohol inventory is also available for purchase. The property provides on-site parking and frontage along Hickory Ave, with access to Dickory Ave and Earhart Expy approximately 4 minutes away. C-2 General Commercial zoning applies.
Key Highlights
- 5,350 SF two‑story bar and pub on approximately 0.38 acres
- Full commercial kitchen, walk‑in freezer, seating area, mini stage, and two restrooms
- Rear outdoor patio plus private second‑floor space with sink and full bathroom with tub
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,547
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$710,940
$710.9K
Cap Rate 7%
$507,814
$507.8K
Cap Rate 9%
$394,967
$395.0K
Market Conditions
NOI Build-Up for 5,350 SF
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.
Gross rent
$53.3K $9.96/SF
− Vacancy
−$2.5K −$0.47/SF
EGI
$50.8K $9.49/SF
− OpEx
−$15.2K −$2.85/SF
NOI
$35.5K $6.64/SF
Area
ZIP 70123
Vacancy
4.70%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$710,940
Cap Rate 7%
$507,814
Cap Rate 9%
$394,967
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,599 @ 7.0% cap · market cap 10.66%
Second Best
Industrial
$507.8K
$444.3K – $592.5K
NOI $35,547 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,071 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
Taco Bell
Dining
8,614 visits/mo
0.5 miles
Shell
Shops & Services
1,865 visits/mo
0.3 miles
Camp Bow Wow
Shops & Services
1,622 visits/mo
0.3 miles
SUBWAY
Dining
945 visits/mo
0.4 miles
Demographics for 70123, LA
27,346
Population
14,297
Households
1.9
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
3,598
Density / Sq Mi
$82,639
Median Household Income
$52,709
Median Earnings
$1,310
Median Rent
$318,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Mill — 5808 River Oaks Rd S, Elmwood, LA 70123
- Daiquiri Stop — 1700-1740 Hickory Ave, Harahan, LA 70123
- Tavern on Citrus — 5708 Citrus Blvd Suite B, Harahan, LA 70123
- W.e.t Bar & Grill — 1827 Hickory Ave Suite D, Harahan, LA 70123
- The Shimmy Shack — 1855 Dock St, New Orleans, LA 70123
Frequently Asked Questions
What type of property is this?
Bar & Pub - C-2 property includes a commercial kitchen, walk-in freezer, private upper-level space, and on-site parking.
Where is this bar & pub located?
The property is located at 2303 Hickory Ave River Ridge, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,350 SF two‑story bar and pub on approximately 0.38 acres; Full commercial kitchen, walk‑in freezer, seating area, mini stage, and two restrooms; Rear outdoor patio plus private second‑floor space with sink and full bathroom with tub
