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    3200 Banks St New Orleans, LA 70119

    For Lease
    $22 SF/Yr ($4,536 /Mo)

    Prime Banks St location, fully renovated.

    Lot size:
    2,393 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 2,393 square foot restaurant space is ideally situated on Banks Street in the heart of Mid-City. The single-tenant property boasts a charming courtyard perfect for outdoor seating, adding to its considerable appeal. Inside, you'll find a fully renovated space (2017) featuring attractive concrete floors, a built-in wood-burning oven, and a dedicated bar area. A detached office in the rear provides additional space for administrative functions or storage. The building itself is a two-story structure, with the entire 2,393 square feet currently vacant and ready for immediate occupancy. The HU-B1A zoning allows for a variety of uses, making this a versatile option for a discerning restaurateur. The property's convenient location on a throughway ensures high visibility and accessibility for customers. This turnkey opportunity presents a rare chance to establish or relocate a thriving restaurant business in a vibrant and desirable neighborhood. The APN is 105205610. This is a single-tenant building.

    Property Features for 3200 Banks St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,393 SF
    Total Rate
    4536.73

    Building Details

    Year Renovated
    2017
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 3200
    Size
    2,393 SF
    Rate per SF
    $22

    HighLights

    • 2,393 SF single‑tenant retail space, previously a restaurant.
    • Fully renovated in 2017.
    • Features include a wood‑burning oven, bar, concrete floors, and a courtyard.
    • Located on Banks Street in Mid‑City.
    • Zoned HU‑B1A.
    • APN: 105205610.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0946565
    Latitude
    29.965939

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    FAQs

    What type of property is this?
    Restaurant - Prime Banks St location, fully renovated.
    Where is this restaurant located?
    The property is located at 3200 Banks St New Orleans, LA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 2,393 SF single-tenant retail space, previously a restaurant.; Fully renovated in 2017.; Features include a wood-burning oven, bar, concrete floors, and a courtyard.
    Request Owner's contact information
    3200 Banks St New Orleans, LA 70119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3200 Banks St New Orleans, LA 70119
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