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915 Decatur St

6,750 SF 100% Leased Retail Building New Orleans, LA 70116 $3,315,000 ($491/SF) 6% Cap Rate

Retail Space Louisiana New Orleans 915 Decatur St, New Orleans, LA 70116

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 US | Famous for Their Creola and Cajun Cuisine, Jazz Music and Brass Bands, & Historic Architecture
  • Attractive Demographics | Population Over 160,000 Within Three Miles; $86,810 AHHI Within One Mile

Executive Summary

Unique Opportunity to Own a 6,750 Rentable SF Mixed-Use Building on Prime Commercial Strips in the Highly Coveted French Quarter.
Three-Story Building:
- First Floor Consists of Roughly 2,700 SF of Commercial Space (Fully Leased to Crescent Colors)
- Second Floor Consists of One 1Bed/1Bath Residential Unit, and Additional Commercial Storage Space
- Third Floor has (Two) 2Bed/2Bath Residential Units
- $500K Capital Improvements Include Interior Renovations, New Roof and Electrical/Plumbing

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,750 SF
Year Built
1900
Price
$3,315,000
Price Per SF
$491
Cap Rate
6%
NOI
$198,974
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.21
Land Acres
0.07 AC
Zoning
VCC-1 - VCC-1 Commercial
Frontage
24 FT on Decatur Street
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Cafe Du Monde
Rouses Markets
Landry's Seafood House
Regions Bank
Bubba Gump Shrimp Co.
Hancock Whitney Bank
Pj's Coffee Of New Orleans
Shake Shack
Chase Bank
Starbucks

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
(407) 557-3847

  • Listing ID: 29899643

  • Date on Market: 10/27/2023

  • Last Updated:

  • Address: 915 Decatur St, New Orleans, LA 70116

More public record information on 915 Decatur St, New Orleans, LA 70116

The Retail Property at 915 Decatur St, New Orleans, LA 70116 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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915 Decatur St
(407) 557-3847 x

915 Decatur St

1/3

Ray Turchi

(407) 557-3847

(407) 557-3847

David Vaughan

(407) 557-3829

(407) 557-3829

Scott Gould

(407) 557-3824

(407) 557-3824

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