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1051 Annunciation St 4,768 SF Retail Condo Unit Offered at $2,390,000 in New Orleans, LA 70130
Investment Highlights
- Located in the Cotton Mill Condominiums of New Orleans
Executive Summary
This ground floor restaurant condominium unit is available for purchase within a larger, four-story residential condominium complex known as The Cotton Mill in the Warehouse District of New Orleans. It is currently leased/operating as a bar and restaurant known as Plates (business not for sale). Furniture, Fixtures & Eqipment are included. The interior of the unit boasts an open dining area with a bar and a food running station, along with four private restrooms, a spacious commercial kitchen, stock rooms, and an office. The ceilings in the dining room soar up to 18 feet in height. The property is zoned CBD-6 Urban Core Neighborhood Mixed-Use District.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Total Building Size | 4,769 SF | Typical Floor Size | 4,769 SF |
| Property Type | Retail (Condo) | Year Built | 1882 |
| Property Subtype | Restaurant | Tenancy | Single |
| Building Class | B | Lot Size | 0.11 AC |
| Floors | 1 | Opportunity Zone |
Yes
|
| Zoning | CBD-6 - Urban Core Neighborhood Mixed-Use District. | ||
| Total Building Size | 4,769 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Restaurant |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 4,769 SF |
| Year Built | 1882 |
| Tenancy | Single |
| Lot Size | 0.11 AC |
| Opportunity Zone |
Yes |
| Zoning | CBD-6 - Urban Core Neighborhood Mixed-Use District. |
Amenities
- Restaurant
- Signage
1 Unit Available
Unit Restaurant
| Unit Size | 4,768 SF | Sale Type | Investment |
| Price | $2,390,000 | Cap Rate | 7.05% |
| Price Per SF | $501.26 | NOI | $168,480 |
| Condo Use | Retail | APN/Parcel ID | 920-POEYFARRESTCOMM |
| Unit Size | 4,768 SF |
| Price | $2,390,000 |
| Price Per SF | $501.26 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| NOI | $168,480 |
| APN/Parcel ID | 920-POEYFARRESTCOMM |
Description
Beautiful renovated restaurant and event space. Condo owner has access to fitness center, clubhouse, pool, courtyard, 24 hr security, and community room.
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Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Plates Bar & Restaurant |
-
|
Jan 0000
|
Nearby Major Retailers
Presented by
Compass
1051 Annunciation St
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