940 Frenchmen St New Orleans, LA 70116-1618
- Retail space
- 7,871 SF
- 0.19 lot acres
May 05, 2023
Current Use by Public Records
- Retail space
Property Details for 940 Frenchmen St
- Year built
- 1880
- Construction
- CONCRETE
- Lot size
- 0.19 lot acres
- Property size
- 7,871 SF
- Property type
- Retail space
- APN
- 37W102014
- APU
- 37W102014
Description
This exceptional 1,875 square-foot restaurant space is situated at the corner of North Rampart and Frenchmen Streets in a newly renovated building. Part of a larger 12,800 square-foot property, this space offers a unique opportunity for a restaurant operator seeking a high-visibility location. The building, originally constructed in the 1950s and formerly home to the Alois J. Binder Bakery, is undergoing a complete transformation. The space is currently a "white box" ready for tenant build-out. The property's anchor tenant, JAMNOLA, an immersive art installation, will draw significant foot traffic to the building, providing built-in customer exposure. The location benefits from its proximity to both the Marigny and Bywater neighborhoods, allowing access to a diverse customer base including tourists and locals. JAMNOLA's frequent private events may also present catering opportunities for the restaurant tenant. The space is offered as a single, contiguous unit with a minimum leasable area of 1,875 square feet. Tenant improvement allowances are negotiable. This is a rare chance to establish a thriving restaurant in a vibrant and rapidly developing area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $85,000
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Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.0583
- Latitude
- 29.9672
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
