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915 Decatur St
New Orleans, LA 70116
Retail Property For Sale
Investment Highlights
- ±6,750 SF building on ±2,552 SF lot
- Zoned VCC-1 (Vieux Carré Commercial District)
- 1128 Decatur Street also available for sale
- First floor commercial; upstairs residential
- Prime French Quarter location
Executive Summary
Opportunity to acquire a three-story mixed-use investment property located along the highly trafficked Decatur Street corridor in the French Quarter. The ±6,750 SF building sits on a ±2,552 SF lot and includes ground-floor commercial space with four (4) residential units above. The commercial space is occupied by a clothing retailer, which also utilizes one residential unit for storage. The property is situated in a prime French Quarter location within walking distance of Café du Monde, the French Market, Jackson Square, Bourbon Street, and other major retail & tourist destinations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,750 SF
Building Class
B
Year Built
1900
Price
$2,600,000
Price Per SF
$385.19
Cap Rate
7.68%
NOI
$199,614
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.64
Lot Size
0.06 AC
Zoning
VCC-1 - VCC-1 Commercial
Property Taxes
| Parcel Number | 2-07-1-005-28 | Improvements Assessment | $92,300 |
| Land Assessment | $17,860 | Total Assessment | $110,160 |
Property Taxes
Parcel Number
2-07-1-005-28
Land Assessment
$17,860
Improvements Assessment
$92,300
Total Assessment
$110,160
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