309-311 Decatur St - Freestanding FOR SALE


New Orleans, LA 70130- French Quarter
$4,800,000 USD
504-236-3891
309-311 Decatur St, New Orleans, LA for Sale
$4,800,000 USD
Freestanding - FOR SALE
1/16
null | Request Cap Rate

309-311 Decatur St
New Orleans, LA 70130
French Quarter


OVERVIEW

This property is available for purchase either as an owner-occupied opportunity or as an income-producing investment in the heart of the French Quarter of New Orleans. The property is a three-story, general commercial building situated at 309-311 Decatur Street with dual access in the front. The building is currently a multi-tenant building that has restaurant/bar space with a commercial kitchen (equipment included) on the first floor, general commercial space on the second floor, and office space on the third floor. Each floor is accessible via two interior stairwells and a passenger elevator; each floor features its own restrooms. The property’s site area is 6,540 square feet; it is rectangular in shape with 42.5 feet along Decatur Street and a depth of 153.5 feet. The property is zoned VCE-1, Vieux Carre Entertainment District in the City of New Orleans. Contact the Listing Agents for additional lease information.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

General Commercial Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,540 SF

ZONING

VCE-1

APN/PARCEL ID

2-06-1-017-02

ASK ABOUT THIS PROPERTY

504-236-3891

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504-236-3891

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