For Sale
$1,200,000

2122 St Claude AveNew Orleans, LA 70116

Prime Marigny location, fully renovated, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a fully renovated, 3,000 square foot bar and restaurant located at 2122 St. Claude Avenue in the vibrant Marigny Triangle of New Orleans, Louisiana. The property, built in 1950 and completely renovated in 2024, boasts a 100% occupancy rate with a lease expiration date of August 10, 2024. The single-story building sits on a 0.07-acre lot and is zoned for commercial use. Recent renovations include a new roof, new air conditioning, and a complete electrical upgrade. This owner-user opportunity includes one unit within a single building. The asking price is $1,200,000, translating to $400 per square foot. The property's prime location directly on the Rampart Streetcar line ensures high visibility and accessibility. While the current tenant operates a bar, the space is versatile and could easily adapt to other uses within the commercial zoning parameters. This is a rare chance to acquire a turn-key establishment in a highly sought-after New Orleans neighborhood. The property also includes an additional lot at 1031 Frenchmen Street, ideal for parking (measuring 28x112 feet).

Highlights

  • $1,200,000 asking price for a 3,000 sq ft retail property in New Orleans, LA.
  • Located at 2122 St. Claude Ave, New Orleans, LA 70116.
  • Property type: Bar/Restaurant/Storefront; Owner/User investment opportunity.
  • 100% occupancy with lease expiring August 10, 2024.
  • Completely renovated in 2024, including roof, AC, electrical, and other systems.
  • Features one building on a 0.07-acre lot, built in 1950.

Property Details for 2122 St Claude Ave

Property type
Retail properties, Restaurants
Square Feet
3,000 SF
Year Built/Renovated
1950/2024
Buildings
1
Stories
1
Units
1

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9683192
Longitude
-90.0574221
2122 St Claude Ave, New Orleans, Louisiana

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2122 St Claude Ave
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