Former Restaurant Space on
2172 Abundance St New Orleans, LA
2172 Abundance St, New Orleans, LA, 00000
Contact for pricing
For Sale
Contact for pricing
Vacant restaurant space with parking on high-traffic Elysian Fields.
Property Size1,565 SF
Lot Size0.26 Acres
Price / SF$351.44
Days on Market234
Property Features for 2172 Abundance St
General Information
- Standard status
- Active
- Size
- 1,565 SF
- Lot size
- 0.26 Acres
- Property subtype
- RETAIL
Properties For Sale
at 2172 Abundance St Contact us
Listing Agency
ben + burka
(512) 799-3069
Listed by
Aaron Kazanoff · License #0995700882
(512) 799-3069
Source
Moodyscre
Added: Nov 25, 2025 Checked: Jul 17 at 5:25 am
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 ben + burka
Investment Insights
Based on property information with market context.
This former restaurant space is available for lease. Located on a high-traffic section of Elysian Fields Avenue between I-610 and I-10, the property is in close proximity to a number of national restaurants and retailers in Gentilly. The property is vacant and in grey-shell condition. It features a walk-in freezer and cooler, and provides 28 off-street parking spaces. The property size is 1565 square feet.
Key Highlights
- High‑traffic location on Elysian Fields Avenue between I‑610 and I‑10.
- 28 off‑street parking spaces.
- Walk‑in freezer and cooler included.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $19.20 |
| − Vacancy | −$601 | −$0.38 |
| EGI | $29.4k | $18.82 |
| − OpEx | −$7.4k | −$4.70 |
| NOI | $22.1k | $14.11 |
1,565 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$315.5K
$276.1K – $368.1K
NOI $22,085 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$276.1K
$241.6K – $322.1K
NOI $19,325 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$397.8K
$348.1K – $464.1K
NOI $27,844 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Breakfast & diners
Similar For Sale Nearby
Similar Off Market Nearby
- Great Clean — Lower Floor, 6239 Waldo Dr, New Orleans, LA 70122
FAQs
What type of property is this?
Breakfast & diner - Vacant restaurant space with parking on high-traffic Elysian Fields.
Where is this breakfast & diner located?
The property is located at 2172 Abundance St 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: High‑traffic location on Elysian Fields Avenue between I‑610 and I‑10.; 28 off‑street parking spaces.; Walk‑in freezer and cooler included.
