Property profile

3200 Banks St New Orleans, LA 70119

OFF-MARKET
Investment properties
Property ID
US36-2544762
3,988 SF 0.08 ac lot Built 1940
Entity Owned 10-yr Hold Absentee Owner
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Property summary

AI-generated overview

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 profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 3,988 SF
Lot 0.08 ac (3,681 SF)
APN 105205610
UPID US36-2544762

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3200 Banks St New Orleans, LA 70119-7211
New Orleans metro Census 6300 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2015
4 recorded transactions
2023
Price N/A
2016
Price N/A
2015
$180,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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