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Upperline Restaurant 1413 Upperline St 4,293 SF Flex Building New Orleans, LA 70115 $1,250,000 ($291.17/SF)

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INVESTMENT HIGHLIGHTS

  • Excellent location
  • Property currently has liquor license

EXECUTIVE SUMMARY

Now with a reduced price, this second-generation restaurant comes with existing fixtures, furniture, and equipment. The restaurant is a combination of two properties (1413 Upperline Street and 4836 Pitt Street) and consists of multiple unique dining areas, each with its own intimate setting.
The ground floor features a small bar area, three dining rooms, kitchen, waitstaff area, restrooms, and storage. The second floor has a large office, prep kitchen, a large wine storage room, and a storage area that has potential for future dining room/private event expansion.
Located along the growing Prytania corridor among many thriving food and beverage businesses, this property has been a restaurant under different owners for almost nine decades and currently has a liquor license. It is zoned HU-MU neighborhood mixed-use.
Highly motivated seller will consider financing for acquisition

PROPERTY FACTS Under Contract

Price $1,250,000
Price Per SF $291.17
Sale Type Investment or Owner User
Property Type
Flex
  • General Retail Restaurant
Building Class B
Lot Size 0.02 AC
Rentable Building Area 4,293 SF
No. Stories 2
Year Built/Renovated 1937/1983
Tenancy Single
Zoning HU-MU - HU-MU
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6-14-2-253-10
Land Assessment
$3,920
Improvements Assessment
$30,270
Total Assessment
$34,190
  • Listing ID: 25812898

  • Date on Market: 5/29/2022

  • Last Updated:

  • Address: 1413 Upperline St, New Orleans, LA 70115

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