For Lease
$27.96/SF/YR

933 Decatur StNew Orleans, LA 70116

Historic building, prime location, sale/lease

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional three-story building, located at 933 Decatur Street in New Orleans' vibrant French Quarter, offers a unique investment opportunity. Currently operating as Frank's Restaurant, a family-run establishment for over 60 years, the 4,500 square foot property boasts two floors of fully equipped dining facilities, including two kitchens, two freezers, two seating and bar areas, and a commercial hood. The second floor features high ceilings and a dining balcony. A valuable liquor license is included, making this a turnkey restaurant operation. The building enjoys high visibility, facing the French Market and benefiting from an average daily traffic count of approximately 9,579 vehicles. The property is situated within five blocks of numerous restaurants, shops, a farmer's market, and a flea market, ensuring high foot traffic. The third floor offers a large loft/storage area with significant redevelopment potential, allowing for expansion or adaptation to suit various uses. The real estate is offered for sale at $2,995,000, with the business operations available for an additional $895,000. A lease option is also available on a NNN structure. This property presents a rare chance to own a piece of New Orleans history in a prime commercial location.

Highlights

  • Established French Quarter restaurant with liquor license, facing the French Market.
  • High visibility location with ±9,579 vehicles daily and heavy foot traffic.
  • Three-story, 4,500 SF building; two floors are restaurant space, one is loft/storage with redevelopment potential.
  • Real estate offered at $2,995,000; business operations available separately for $895,000; NNN lease option available.

Property Details for 933 Decatur St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
4,500 SF

Unit(s) available at that property

Space
Size
4,500 SF
Rate per SF
$27.96

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.958977189659
Longitude
-90.060818254387
933 Decatur St, New Orleans, Louisiana

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933 Decatur St
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