Building Details

Buildings 1

Stories 2

Tenancy Single

Listing Agency: Elifin Realty

Listed By: Brady Becker · License #9006927 Show Phone

Source: Lacdb.resimplifi

Added: Jun 23 Changed: Oct 1 Last Checked: Oct 14 at 7:43PM

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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.

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 / Yr

$35,547

Cap Rate

4.18%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $90,599 @ 7.0% cap · market cap 10.66%

Second Best

Industrial

$507.8K

$444.3K – $592.5K (±1% cap)

NOI $35,547 @ 7.0% cap · market cap 4.18%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,071 @ 7.0% cap · market cap 11.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Uncle Matt's Bar Bar & Pub

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Restaurant Dental Office Big Box & Wholesale Store

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

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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