323 VERRET Street, New Orleans, LA 70114
COMMERCIAL - New Orleans, LA
- Added:
- Jun 17, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 18 at 9:06 am
Property Features for 323 VERRET Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HU-B1A
- Standard status
- Active
- APN
- 513101811
- Size
- 3,370 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- SQ 17 REAR MOST PART OF LOT 8 AND LOT C OR NOW LOT X 45/12/27 X 70/59/32 323 VERRET ST
Utilities
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
Listing agent Sally Crawford (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Jun 17, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2‑story mixed‑use building (three levels) built in 1910 with public water
- Renovated in 2022
- Ground floor leased to an established restaurant on a long‑term triple‑net lease, providing in‑place income (restaurant business not included)
- Upper floor offers a fully renovated 1,315 SF 2BR/2BA residence with a private rooftop
- Private rooftop includes skyline and river views
- ADA features and two income streams (lease details to be verified by buyer)
Overview
The building is located in the heart of historic Algiers Point, across the river from the French Quarter and the Canal St. ferry. Parking, specific street frontage details, and other site access information are not provided in the remarks.
For tenants, owners, and buyers seeking a live-and-lease setup, the combination of a leased ground-floor restaurant and an independently usable residence creates two stated income streams. Zoning is listed as HU-B1A, and the buyer is responsible for verifying all figures, zoning requirements, and lease terms.
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 | $64.7k | $19.20 |
| − Vacancy | −$1.3k | −$0.38 |
| EGI | $63.4k | $18.82 |
| − OpEx | −$15.9k | −$4.70 |
| NOI | $47.6k | $14.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0512028
- Latitude
- 29.9526656