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$ 1,149,000
Est. payment /mo
Price Dropped by $111K
1513 ST CHARLES AVE New Orleans, LA 70130
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2541011
HOA Y/N No
Year Built 1985
Property Description
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.
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.
Location
State LA
County Orleans
Zoning MU-1
Interior
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Mixed Use,Retail
Sewer Public Sewer
Water Public
Additional Building Living Quarters
Others
Tax ID 101106910
Special Listing Condition None
Listed by Corporate Realty Realty Leasing Company, Inc.
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