3000 Royal StNew Orleans, LA 70117

Property Details for 3000 Royal St

Year built

1940

Lot size

0.20 AC

Property size (Sq ft)

13,646 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

39W106621

APU

39W106621

Description

This exceptional opportunity presents 6,493 square feet of move-in ready restaurant and brewpub space in the vibrant Bywater neighborhood, less than a mile from the French Quarter. Recently renovated, the space boasts a fully equipped, open kitchen with walk-in cooler and bar, plus a 10-barrel brewing system including fermenters and brite tanks. High ceilings, roll-up doors, and ample natural light create an inviting atmosphere. The flexible floor plan allows for customization, and live music (up to three musicians) is permitted. Most existing restaurant and brewpub furniture, fixtures, and equipment (FF&E) are available for tenant use; tenant to assume all leased FF&E items. This turnkey operation is ideally situated amongst popular restaurants, bars, art galleries, and cafes, benefiting from the area's thriving local and tourist traffic. The property's proximity to attractions like Bacchanal Fine Wine & Spirits, Bywater Bakery, and Crescent Park further enhances its appeal. All measurements are approximate and should be verified by the prospective tenant. Zoning and intended use are also the responsibility of the tenant to verify. This is a rare chance to establish or expand a business in one of New Orleans' most sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $3,181,085

  6.5%

  $2,936,386

  7%

  $2,726,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,623,141

  Geo Method

  $2,444,637

• Alternative Use

  Use

  Valuation

  Residential

  $2,476,951

  Hospitality

  $2,268,874

  Educational

  $1,887,677

  Medical

  $1,952,597

  Retail

  $2,936,386

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9637

Longitude

-90.047

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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