2231 SAINT CLAUDE Avenue, New Orleans, LA 70117
New Listing
$1,100,000
Property Type:
Comm Bldg Sale/Lease
Square Footage:
5,112
Lot Size (sq. ft.):
871
Status:
Active
Current Price:
$1,100,000
List Date:
6/08/2026
Last Modified:
6/08/2026
Listing Details MLS# NO2561865
Listing Info
- For Sale
- Yes
- Delayed Marketing
- No
- Listing Price
- 1100000
- List Price/SqFt
- 215.18
- Modification Timestamp
- 2026-06-08T15:08:18Z
- Photo Modified
- 2026-06-08T15:08:04Z
Location Tax Legal Info
- Street Number
- 2231
- Street Name
- SAINT CLAUDE Avenue
- Parish
- Orleans
- State
- LA
- Zip Code
- 70117
- Tax Assessment Number
- 701172231SaintClaudeAV
- Zone
- HMC-2
- Directions
- on St Claude Ave and Marigny Street Bounding Streets: St Claude and Marigny St
General Property Description
- Lot Dimensions
- 56x71
- Acres
- 0.02
- SqFt - Warehouse
- 5112
- SqFt - Total
- 5112
- SqFt - Source
- Measured
- Stories
- Yes
- Load Dock?
- Yes
- # Overhead Doors
- 6
- Ceiling Height (Ft)
- 30
- Acreage Range
- 0 - 0.5
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 58600355
- Originating System Listing ID
- 2561865
- Originating System Name
- ROAM Matrix
Sale/Lease Info
- Lease Purchase
- No
Remarks & Misc
- Remarks
- 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 5.96% cap rate with built-in rental escalations increasing returns to a projected 6.91% 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
More Information
Office/Member/Contract Info
- List AOR
- NOMAR
Property Type
- Industrial
- Yes
- Restaurant
- Yes
- Retail
- Yes
Construction
- Concrete
- Yes
- Metal Siding
- Yes
Features
- Handicap Design
- Yes
Lot Description
- Corner
- Yes
Property Features
Property Type:
Industrial; Restaurant; Retail
Features:
Handicap Design
Construction:
Concrete; Metal Siding
Lot Description:
Corner
IDX
Listing Office:
FQR Realtors
Last Updated: June - 08 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.