Cafe Building with
4223 ST CLAUDE Avenue New Orleans, LA 70117
4223 ST CLAUDE Avenue, New Orleans, LA, 70117
$695,000
For Sale
$695,000
COMMERCIAL - New Orleans, LA
Property Size2,828 SF
Price / SF$245.76
Days on Market278
Property Features for 4223 ST CLAUDE Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMC-2
- Standard status
- Active
- APN
- SQ 413 LOT 1 OR 7
- Size
- 2,828 SF
Taxes and HOA fees
- Tax Description
- SQ 413 LOT 1 OR 7 ST CLAUDE 27X120 GEN BUS.1380 SF FT 4. RES 1380 SQ FT 5. 2/STORY FR STORE
Utilities
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
Listing Agency
Witry Collective, L.L.C.
(504) 291-2022
3640 Magazine St, New Orleans, LA
Listed by
Katie Witry · License #995710150
(504) 453-2277
Added: Oct 13, 2025 Checked: Jul 17 at 6:06 pm
MLS# 2526354
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.
Investment Insights
Based on property information with market context.
This historic building was built in 1924 and was fully renovated into a cafe in 2016. The first floor includes a glass storefront, large windows, 11-foot ceilings, a seating area, and built-in counter service with additional seating. There are two half baths, including one ADA accessible half bath, along with a large pantry/storage area. The commercial kitchen is equipped with natural gas appliances, including a 60-inch range with six burners, a 24-inch griddle, and two ovens.
Upstairs features original wood floors, two covered porches, and a layout with an open kitchen and an original chimney separating the kitchen and dining area. The apartment includes three independent bedrooms and one large bathroom with 9-foot ceilings. The property has two central systems and includes an exterior storage area of 78 square feet with outdoor plumbing.
The property is in Flood Zone X and has a termite contract. It qualifies for state and federal historic tax credits and is located in the HMC-2 Historic Marigny/Treme/Bywater Commercial District, which supports lots of permitted uses.
Upstairs features original wood floors, two covered porches, and a layout with an open kitchen and an original chimney separating the kitchen and dining area. The apartment includes three independent bedrooms and one large bathroom with 9-foot ceilings. The property has two central systems and includes an exterior storage area of 78 square feet with outdoor plumbing.
The property is in Flood Zone X and has a termite contract. It qualifies for state and federal historic tax credits and is located in the HMC-2 Historic Marigny/Treme/Bywater Commercial District, which supports lots of permitted uses.
Key Highlights
- Historic building originally built in 1926; renovated in 2016 into a cafe with a 3‑bedroom apartment upstairs
- Owner‑operator layout: cafe space on the first floor with 11 ft ceilings, store front glass, large windows, seating area, and built‑in counter service
- First‑floor amenities include a large pantry/storage, outdoor plumbing, and natural gas cooking equipment: 60" range (6 burners), 24" griddle, and 2 ovens
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 | $54.3k | $19.20 |
| − Vacancy | −$1.1k | −$0.38 |
| EGI | $53.2k | $18.82 |
| − OpEx | −$13.3k | −$4.70 |
| NOI | $39.9k | $14.11 |
2,828 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$570.1K
$498.9K – $665.2K
NOI $39,909 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$470.2K
$411.4K – $548.6K
NOI $32,915 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$718.8K
$628.9K – $838.6K
NOI $50,315 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Try-Me Coffee Mills — 1014 France St, New Orleans, LA 70117
- Petite Clouet Café — 3100 Royal St, New Orleans, LA 70117
- Glz Youth — 5130 Chartres St, New Orleans, LA 70117
- porch time — 905 poland ave, new orleans, la 70117
- 3rd Generation Libations — 5119 St Claude Ave, New Orleans, LA 70117
FAQs
What type of property is this?
Coffee shop - Historic cafe space with glass storefront, ADA half bath, and a 3-bedroom apartment upstairs in Flood Zone X.
Where is this coffee shop located?
The property is located at 4223 ST CLAUDE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Historic building originally built in 1926; renovated in 2016 into a cafe with a 3‑bedroom apartment upstairs; Owner‑operator layout: cafe space on the first floor with 11 ft ceilings, store front glass, large windows, seating area, and built‑in counter service; First‑floor amenities include a large pantry/storage, outdoor plumbing, and natural gas cooking equipment: 60" range (6 burners), 24" griddle, and 2 ovens
