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    1413 Upperline St New Orleans, LA 70115

    For Sale
    $1,575,000

    1,025 sq ft Single-Tenant Retail Opportunity

    Property size:
    4,293 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,025-square-foot retail space presents a unique investment opportunity. Currently configured as a party center, this single-tenant property boasts a prime location near a jewelry store, barbershop, and children's clothing boutique, ensuring high foot traffic and visibility. The building itself offers significant potential for a variety of retail uses, capitalizing on its strategic placement within a vibrant commercial area. The property's existing layout as a party center provides a solid foundation for a seamless transition to a similar business or a creative repurposing to suit a different retail concept. Its size is ideal for a smaller-scale retail operation or a business requiring a manageable footprint. The surrounding businesses create a synergistic environment, attracting a diverse customer base. This property is an excellent choice for an entrepreneur seeking a well-located, established space with immediate potential for success. The property's single-tenant occupancy simplifies management and provides a straightforward investment structure. Serious inquiries are encouraged to explore the possibilities this unique retail space offers. The property is ready for immediate occupancy, allowing for a swift start to operations. This is a rare opportunity to acquire a well-positioned retail space in a thriving commercial district.

    Property Features for 1413 Upperline St

    General Information

    Property type
    Restaurants
    Square Feet
    4,293 SF

    Building Details

    Year Built
    1937
    Buildings
    2
    Stories
    2

    HighLights

    • $1,575,000 asking price for this 4,293 SF retail property.
    • Vacant, two‑building, two‑story restaurant with existing FF&E available for purchase.
    • Located on a high‑traffic Uptown corridor in New Orleans, LA.
    • Includes an existing liquor license.
    • Second‑floor space offers expansion potential.
    • Established culinary history; operated as a restaurant for nearly 90 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Restaurant 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
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.1075944
    Latitude
    29.9249723

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    FAQs

    What type of property is this?
    Restaurant - 1,025 sq ft Single-Tenant Retail Opportunity
    Where is this restaurant located?
    The property is located at 1413 Upperline St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: $1,575,000 asking price for this 4,293 SF retail property.; Vacant, two-building, two-story restaurant with existing FF&E available for purchase.; Located on a high-traffic Uptown corridor in New Orleans, LA.
    Request Owner's contact information
    1413 Upperline St New Orleans, LA 70115
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    New Orleans, LA 70115
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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
    1413 Upperline St New Orleans, LA 70115
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