933 Decatur StNew Orleans, LA 70116

Property Details for 933 Decatur St

Year built

1900

Lot size

0.03 AC

Property size (Sq ft)

4,140 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

207100533

APU

207100533

Description

This exceptional three-story building, located at 933 Decatur Street in New Orleans' vibrant French Quarter, offers a unique investment opportunity. Currently operating as Frank's Restaurant, a family-run establishment for over 60 years, the 4,500 square foot property boasts two floors of fully equipped dining facilities, including two kitchens, two freezers, two seating and bar areas, and a commercial hood. The second floor features high ceilings and a dining balcony. A valuable liquor license is included, making this a turnkey restaurant operation. The building enjoys high visibility, facing the French Market and benefiting from an average daily traffic count of approximately 9,579 vehicles. The property is situated within five blocks of numerous restaurants, shops, a farmer's market, and a flea market, ensuring high foot traffic. The third floor offers a large loft/storage area with significant redevelopment potential, allowing for expansion or adaptation to suit various uses. The real estate is offered for sale at $2,995,000, with the business operations available for an additional $895,000. A lease option is also available on a NNN structure. This property presents a rare chance to own a piece of New Orleans history in a prime commercial location.

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.959

Longitude

-90.061

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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