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3000 Royal St
New Orleans, LA 70117
Retail Property For Sale
Executive Summary
Now available for sale or lease, 3000 Royal St offers a ±16,784 SF, two-story leased property in the heart of New Orleans’s Bywater area.
Currently vacant, the ground floor was completely renovated in 2020 in accordance with HDLC and historic restoration standards, resulting in a fully built-out, ADA-compliant restaurant and bar. The space includes a commercial kitchen with two walk-in coolers, a well-crafted bar constructed with reclaimed wood, and a true turnkey layout ready for operation.
The second level consists of 11 leased studio spaces of varying sizes occupied by local artists, with an additional studio located on the first floor. Studio tenants are on a month-to-month lease.
A freight elevator services the building, and the rooftop provides exceptional views of the river and bridge.
This is a premier opportunity offering a rare blend of historic character, modern improvements, and multiple income streams in the Bywater. The owner is open to leasing the whole property.
Currently vacant, the ground floor was completely renovated in 2020 in accordance with HDLC and historic restoration standards, resulting in a fully built-out, ADA-compliant restaurant and bar. The space includes a commercial kitchen with two walk-in coolers, a well-crafted bar constructed with reclaimed wood, and a true turnkey layout ready for operation.
The second level consists of 11 leased studio spaces of varying sizes occupied by local artists, with an additional studio located on the first floor. Studio tenants are on a month-to-month lease.
A freight elevator services the building, and the rooftop provides exceptional views of the river and bridge.
This is a premier opportunity offering a rare blend of historic character, modern improvements, and multiple income streams in the Bywater. The owner is open to leasing the whole property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,784 SF
Building Class
C
Year Built/Renovated
1915/2020
Price
$2,050,000
Price Per SF
$122.14
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.93
Lot Size
0.20 AC
Zoning
HM-MU - Historic Marigny/Tremé/Bywater Mixed-Use District
Frontage
222’ on Royal Street
Property Taxes
| Parcel Number | 3-9W-1-066-21 | Improvements Assessment | $142,490 |
| Land Assessment | $21,740 | Total Assessment | $164,230 |
Property Taxes
Parcel Number
3-9W-1-066-21
Land Assessment
$21,740
Improvements Assessment
$142,490
Total Assessment
$164,230
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