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1128 Decatur St
New Orleans, LA 70116
Retail Property For Sale
Investment Highlights
- ±4,450 SF building on ±2,225 SF lot
- Zoned VCS (Vieux Carré Service District)
- 915 Decatur Street is also available for sale
- First foor commercial with two (2) residential units above
- Access from both Decatur Street and the French Market side
Executive Summary
Opportunity to acquire a two-story mixed-use investment property located on the highly trafficked Decatur Street corridor. The ±4,450 SF building sits on a ±2,225 SF lot and includes ground-floor commercial space with two (2) residential units above. The commercial space is currently occupied by a clothing retailer, and it benefits from access on
both Decatur Street and the French Market side. The property is situated in a prime French Quarter location within walking distance of Café du Monde, the French Market, Jackson Square, Bourbon Street, Frenchmen Street, and other major retail & tourist destinations.
both Decatur Street and the French Market side. The property is situated in a prime French Quarter location within walking distance of Café du Monde, the French Market, Jackson Square, Bourbon Street, Frenchmen Street, and other major retail & tourist destinations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,109 SF
Building Class
C
Year Built
1950
Price
$1,600,000
Price Per SF
$313.17
Cap Rate
6.81%
NOI
$108,936
Tenancy
Single
Building Height
3 Stories
Building FAR
2.35
Lot Size
0.05 AC
Zoning
VCS - Vieux Carré Service District
Property Taxes
| Parcel Number | 2-08-1-001-07 | Improvements Assessment | $94,670 |
| Land Assessment | $15,580 | Total Assessment | $110,250 |
Property Taxes
Parcel Number
2-08-1-001-07
Land Assessment
$15,580
Improvements Assessment
$94,670
Total Assessment
$110,250
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