611 O'keefe Ave New Orleans, LA 70113
- Retail properties
- 262,515 SF
Current Use by Public Records
- Retail properties
Property Details for 611 O'keefe Ave
- Year built
- 2014
- Property size
- 262,515 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional retail opportunity is located within The Paramount at South Market, a vibrant five-story building (262,515 total square feet) in the heart of New Orleans' South Market (SOMA) district. Built in 2014, this single building sits on a 1.22-acre lot and is zoned CBD-1. Two second-generation restaurant spaces are available, ranging from 1,817 to 2,102 square feet. Lease rates are $32.50 to $35 per square foot, with a NNN charge of $6.50 per square foot. The property's prime location offers unparalleled access to high foot traffic, drawing millions of locals and tourists annually. Its proximity to major landmarks like the Superdome, Smoothie King Center, and Champions Square ensures consistent visibility and accessibility. The surrounding area boasts a thriving mix of local boutiques, award-winning restaurants, national retailers, and galleries, creating a dynamic and desirable environment for businesses. This is a unique chance to establish a presence in one of New Orleans' most sought-after commercial districts. The building itself is a blend of renowned architecture and contemporary design, reflecting the rich history and modern energy of the neighborhood. This presents an ideal location for businesses seeking to capitalize on the area's bustling atmosphere and diverse clientele.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.0748
- Latitude
- 29.9487
