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    FOR LEASE
    Drive through restaurants

    512 City Park Ave, New Orleans, LA 70119

    2,800 SF 1 ac lot Built 1980
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US36-0428251
    Property summary
    AI-generated overview

    This exceptional 2,800-square-foot retail or restaurant space, situated on a 27,672-square-foot lot at 512 City Park Ave, New Orleans, LA 70119, presents a unique investment opportunity. Previously a Burger King with a drive-thru (conditional use permit), the single-story building offers immense flexibility for various uses, including a quick-serve restaurant, coffee shop, or bank branch. Located in the Park Avenue Place retail center, the property boasts 36 parking spaces and enjoys a high-traffic location directly across from Delgado Community College, a short distance from City Park, and approximately one mile from I-10 access. Its strategic position ensures high visibility and accessibility from major thoroughfares. The property shares the retail center with established businesses like MoPho restaurant and military reserve offices, creating a vibrant and active environment attracting residents, tourists, and students. This is a ready-to-occupy space with significant potential for growth and profitability in a desirable New Orleans submarket (Greater New Orleans). The property features one building with no elevators. Cross street is Orleans Ave.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1980
    Total area 2,800 SF
    Lot 1 ac (43,560 SF)
    APN 207212105
    UPID US36-0428251
    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
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    Owner & transaction history
    BURGER KING CORP
    BURGER KING CORP
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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