2122 St Claude Ave New Orleans, LA 70116
- Retail properties
- 3,000 SF
Current Use by Public Records
- Retail properties
Property Details for 2122 St Claude Ave
- Year built
- 1950
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fully renovated, 3,000 square foot bar and restaurant located at 2122 St. Claude Avenue in the vibrant Marigny Triangle of New Orleans, Louisiana. The property, built in 1950 and completely renovated in 2024, boasts a 100% occupancy rate with a lease expiration date of August 10, 2024. The single-story building sits on a 0.07-acre lot and is zoned for commercial use. Recent renovations include a new roof, new air conditioning, and a complete electrical upgrade. This owner-user opportunity includes one unit within a single building. The asking price is $1,200,000, translating to $400 per square foot. The property's prime location directly on the Rampart Streetcar line ensures high visibility and accessibility. While the current tenant operates a bar, the space is versatile and could easily adapt to other uses within the commercial zoning parameters. This is a rare chance to acquire a turn-key establishment in a highly sought-after New Orleans neighborhood. The property also includes an additional lot at 1031 Frenchmen Street, ideal for parking (measuring 28x112 feet).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.0574
- Latitude
- 29.9683
