833 Howard AveNew Orleans, LA 70113

Property Details for 833 Howard Ave

Year built

1900

Lot size

0.16 AC

Property size (Sq ft)

17,088 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

102105507

APU

102105507

Description

This exceptional 2,206-square-foot restaurant space is ideally situated in New Orleans' vibrant Warehouse District, at a highly visible corner location near Baronne Street. The property boasts a prime position within a bustling area, benefiting from significant foot traffic and exposure to both local residents and tourists. Its location offers easy access to major business districts, entertainment venues, and Uptown, ensuring a consistent flow of potential customers. Housed within an iconic building, the space combines historic charm with modern conveniences. Large windows facing Howard Avenue provide abundant natural light and enhance visibility, creating an inviting atmosphere for patrons. The lease includes valuable fixtures, furniture, and equipment (FF&E), significantly reducing start-up costs for a new operator. Included FF&E consists of a commercial hood system, three-compartment sinks, and undercounter refrigeration, providing a fully functional kitchen ready for immediate use. This single-tenant space in a one-building property presents a unique opportunity for a discerning restaurateur seeking a turnkey operation in a highly desirable location within Orleans Parish. The property's strategic location and included equipment make it an exceptional investment for those seeking a thriving restaurant business in the heart of New Orleans.

• CAP approach

  CAP return

  Valuation

  6%

  $2,709,841

  6.5%

  $2,501,392

  7%

  $2,322,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,303,488

  Geo Method

  $1,214,786

• Alternative Use

  Use

  Valuation

  Residential

  $3,101,725

  Hospitality

  $2,841,164

  Educational

  $2,363,815

  Medical

  $2,445,110

  Retail

  $3,677,045

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9447

Longitude

-90.0743

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].