2638 New Orleans Street Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70119
Key Details
Property Type Commercial
Sub Type Restaurant,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $114
MLS Listing ID NO2516807
Lot Size 3049.200 Acres
Acres 0.07
Property Sub-Type Restaurant,Retail
Property Description
One property, four income streams, endless opportunity. Prime investment opportunity Located in the 7th w/d featuring both income-producing and value-add potential. Liquor License. The ground floor commercial space is currently operating as a bar with rental income of $1,600/month, with market potential up to $2,500/month. This versatile space includes two bathrooms and a full kitchen, easy conversion into a restaurant or other food/beverage concept. Upstairs, you'll find two 2-bedroom, 1-bath units--both in need of renovation--each with a projected rental income of $1,375/month after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, potential rent $1,000/month -need renovations. With multiple income streams and opportunities to increase rental rates, this property is investors looking to maximize returns in a sought-after location.
Location
State LA
Zoning HU-RD2
Exterior
Parking Features None
Garage false
Building
Level or Stories 2
Others
Tax ID 37W212912