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Property profile & analytics
OFF-MARKET
Investment properties

1605 Esplanade Ave New Orleans, LA 70116-1806

4,814 SF 0.08 ac lot Built 1920
Entity Owned Free & Clear
Property ID
US36-0569048
Property summary
AI-generated overview

This two-story, 4,720 square foot mixed-use building at 1605 Esplanade Avenue in New Orleans, Louisiana, is available for $350,000. Currently vacant, this property offers significant potential. Previously operating as a bar and event space, it features a fully built-out bar and seating areas on the ground floor, along with an upstairs area suitable for private events or parties, including an additional bar setup. The building boasts an oversized rear deck/patio. The structure is classified as Class "D" and sits on a monolithically poured concrete slab foundation. Exterior walls are primarily wood clapboard and wood shake, with stucco and metal sandwich panels in sections. Windows are a mix of single and double-paned glass in wood frames. Interior partitions are finished gypsum board and wood paneling. Flooring consists of sealed concrete, ceramic tile in bathrooms, and carpet upstairs. The building has a pitched roof with composition shingles and features both interior and exterior stairwells. The property is zoned HU-B1 and is eligible for Historical Rehabilitation Tax Credits. All permanently attached equipment is included in the sale. This presents a unique opportunity to acquire a historic New Orleans property with versatile commercial possibilities.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 4,814 SF
Lot 0.08 ac (3,600 SF)
APN 37W108702
UPID US36-0569048
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
La Tropicana 24 7 LLC
La Tropicana 24 7 LLC
since 2025
Last sale
$90,000
2 recorded transactions
2025
$90,000
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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