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2702 Chartres St 3,889 SF 100% Leased Retail Building New Orleans, LA 70117 $1,375,000 ($353.56/SF) 7.80% Cap Rate
EXECUTIVE SUMMARY
Nestled in the vibrant Faubourg Marigny neighborhood of New Orleans, 2702 Chartres Street offers a unique opportunity to acquire a mixed use, historic building on a great corner site. The 3,758 SF, two-story building includes two ground floor commercial spaces that are occupied by the Small Mart Cafe and the Bandit Hair Company. The second floor includes one (1) 1BR/1BA and one (1) 2BR/2BA commercial short-term rental unit. Located near the French Quarter, this high-visibility space benefits from significant foot traffic and proximity to renowned restaurants, bars, and entertainment venues. The property maintains its historic architectural charm, complementing the area’s rich cultural heritage.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,889 SF
Building Class
C
Year Built/Renovated
1930/2021
Price
$1,375,000
Price Per SF
$353.56
Cap Rate
7.80%
NOI
$107,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.28
Lot Size
0.07 AC
Zoning
C-2
Frontage
42’ on cartres St
AMENITIES
- Balcony
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3-9W-1-004-18 | Total Assessment | $116,890 (2025) |
| Land Assessment | $7,440 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $109,450 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
3-9W-1-004-18
Land Assessment
$7,440 (2025)
Improvements Assessment
$109,450 (2025)
Total Assessment
$116,890 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2702 Chartres St
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