2231 SAINT CLAUDE AVE, New Orleans, LA 70117
2231 SAINT CLAUDE AVE, New Orleans, LA 70117
2231 SAINT CLAUDE AVE, New Orleans, LA 70117
2231 SAINT CLAUDE AVE, New Orleans, LA 70117
2231 SAINT CLAUDE AVE, New Orleans, LA 70117
2231 SAINT CLAUDE AVE, New Orleans, LA 70117
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GL Realty Group LLC

GL Realty Group LLC

+1(985) 308-1460
Listed byFQR Realtors • Eric J Wilkinson • 504-949-5400
$ 950,000
Est. payment | /mo

5,112 SqFt

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$ 950,000
Est. payment | /mo
Save Virtual Tour

5,112 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,112 sqft

Price per Sqft $185

MLS Listing ID 2581444

HOA Y/N No

Year Built 1980

Lot Size 1,163 Sqft

Acres 0.03

Lot Dimensions 56x71

Property Sub-Type Commercial

Source ROAM MLS

Land Area 5112

Property Description

2231 Saint Claude Avenue presents the opportunity to acquire a stabilized, income-producing commercial asset in one of New Orleans' most active entertainment and redevelopment corridors. The property is fully leased to Emporium Arcade Bar under a Triple NNN lease currently in Year 5 of an initial 10-year term, offering investors durable cash flow with limited landlord obligations.The tenant occupies 100% of the building and operates under an active bar and live entertainment permit, creating a highly specialized hospitality asset with significant operational value already in place. Extensive capital improvements and tenant buildout were completed between 2021–2022, substantially modernizing the property and reducing near-term capital expenditure exposure for future ownership.The asset is currently delivering a 6.34% cap rate with built-in rental escalations increasing returns to a projected 7.14% cap rate. This offering is ideally suited for investors seeking a passive, single-tenant net lease asset with an established operator in place and immediate in-place income.Tenant to remain in place. Business operations are not included in the sale.Full 3D virtual tours available

Location

State LA

County Orleans

Area 0.03

Zoning HMC-2

Direction on St Claude Ave and Marigny Street

Interior

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Natural Gas Not Available

Garage No

Building

Lot Description Corner Lot

Water Public

New Construction No

Others

Tax ID 701172231SaintClaudeAV

Virtual Tour https://www.propertypanorama.com/instaview/nom/2288703

ROAM MLS

NEARBY SCHOOLS & PROPERTIES

GL Realty Group LLC
GL Realty Group LLC

Broker, REALTOR® License ID: 0995692370

+1(985) 308-1460 | glrealtygroup@gmail.com

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2231 SAINT CLAUDE AVE