1128 Decatur St | New Orleans, LA 70116
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1128 Decatur St
New Orleans, LA 70116
Retail Property For Sale
Investment Highlights
- Surrounded by Popular Businesses & Major Tourist Attractions (Café Du Monde, St. Louis Cathedral, Jackson Square, etc…)
- New Orleans is a One-of-a-Kind Destination in the United States | Famous for Their Creola and Cajun Cuisine, Jazz Music and Brass Bands, and Historic
- Attractive Demographics | Population Over 160,000 Within Three Miles; $86,810 AHHI Within One Mile
Executive Summary
• Unique Opportunity to Own a Mixed-Use Building on a Prime Commercial Strip in the Highly Coveted French Quarter
• Irreplaceable Real Estate | Located Within Three Blocks From New Orleans’ Famous Bourbon Street
• Tight Submarket with Only 3% Market Vacancy
• Two Similar Mixed-Use Properties for Sale by Same Owner Within Two Blocks of Subject – See Agent for Details
• 1128 Decatur (4,450 Rentable SF, Two-Story Building):
- First Floor Consists of Roughly 2,250 SF of Commercial Space (Fully Leased to Weber Enterprises)
- Second Floor Consists of (Two) 2Bed/2Bath Residential Units (Overlooking French Market Place)
- Significant Seller Upgrades/Renovations During Ownership
• Irreplaceable Real Estate | Located Within Three Blocks From New Orleans’ Famous Bourbon Street
• Tight Submarket with Only 3% Market Vacancy
• Two Similar Mixed-Use Properties for Sale by Same Owner Within Two Blocks of Subject – See Agent for Details
• 1128 Decatur (4,450 Rentable SF, Two-Story Building):
- First Floor Consists of Roughly 2,250 SF of Commercial Space (Fully Leased to Weber Enterprises)
- Second Floor Consists of (Two) 2Bed/2Bath Residential Units (Overlooking French Market Place)
- Significant Seller Upgrades/Renovations During Ownership
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,109 SF
Building Class
C
Year Built
1950
Tenancy
Single
Building Height
3 Stories
Building FAR
2.35
Lot Size
0.05 AC
Zoning
VCS
PROPERTY TAXES
| Parcel Number | 2-08-1-001-07 | Improvements Assessment | $94,670 |
| Land Assessment | $15,580 | Total Assessment | $110,250 |
PROPERTY TAXES
Parcel Number
2-08-1-001-07
Land Assessment
$15,580
Improvements Assessment
$94,670
Total Assessment
$110,250
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