Remarks
NEW PRICE for this stabilized mixed-use investment is located on St. Charles Avenue in Uptown New Orleans along the historic St.Charles Streetcar line. The fully leased property features a long-term ground-floor restaurant tenant with a residential apartment above. The asset offers in-place cash flow, contractual rent increases, and recent capital improvements, including a new roof completed in 2025. It is well suited for investors or 1031 exchange buyers seeking predictable income in a core Uptown location. The property is centrally positioned between Uptown and Downtown New Orleans and is surrounded by a strong concentration of established restaurants and neighborhood retail, including Lula Restaurant & Distillery, Tito's Ceviche, Houston's, Raising Cane's, and other established neighborhood operators. The residential unit has previously held a short-term rental license and retains a configuration suitable for future STR use, subject to applicable approvals. Do not disturb current tenant.
Details
- Listing ID:
- NO2541011
- Parish
- Orleans
- Assessment
- 101106910
- Legal Desc
- Lot G, Square 210, First Municipal District of the City of New Orleans, Orleans Parish, State of Louisiana
Interior
- Lot Dimensions
- 2582
Exterior
- Construction
- Brick, Concrete
- Features
- Handicap Design, Living Space Available
![Image Description]()
Location
- Directions
- JUST OFF CORNER OF MLK NEXT DOOR TO EVERSAINT SALON. Bounding Streets: MELPOMENE, TERPSICHORE
- Parish
- Orleans
- Sub Type:
- Commercial
- Zoning:
- MU-1
