This Retail Property is no longer advertised on LoopNet.com.

5746-5750 Hayne Blvd
New Orleans, LA 70126

5746-48-50 Hayne Boulevard · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
6,066 SF
Building Class
C
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.18 AC
Zoning
L-I
Parking
15 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
68 FT on Hayne Blvd

AMENITIES

  • Dedicated Turn Lane
  • Restaurant
  • Skyway
  • Balcony

ABOUT 5746-5750 HAYNE BLVD , NEW ORLEANS, LA 70126

This neighborhood institution is a great opportunity for someone who would like a turn-key investment property and bar and grill business. The rents from four of the tenants bring in around $37000/yr and the Sunset Bar & Grill could be leased for additional income or operated by a new owner of the property. The Sunset Grill business is included in the sales price (and is fully stocked has all working appliances an ATM and video poker [60/30]). The Treasure Isle Tavern is a net lease that currently pays $1572/mo has one year left on the base term and has options with escalations up to 144 months. Upstairs there are three apartments which are totally furnished down to the dishes and silverware. Apartment A is split into two units ⬓ an efficiency ($500) and a 1000 sf two bedroom unit ($500). Apartment B is 1500 sf and rents for $1000/mo. The property is 11⬙ above sea level has an 18⬝ concrete slab and is largely a metal building. See below for inventory of FF&E and financial summary. There is only one water meter and one tankless water heater for the entire building. Both downstairs bars open to a back yard that has high walls tables umbrellas and chairs and has a place f Located near Downman Road and the Lakefront.

PROPERTY TAXES

  • Listing ID: 5847376

  • Date on Market: 2/14/2017

  • Last Updated:

  • Address: 5746-5750 Hayne Blvd, New Orleans, LA 70126