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🏢 Just listed — Apartment Building Retail for sale in New Orleans, LA.

📍 1021 Pleasant St, New Orleans, LA
🏷  Apartment Building Retail · For Sale
💰 $2.00M

Adaptive Reuse Opportunity | ±13,000–14,000 SF Warehouse | HU-B1 Zoning | Steps from Magazine Street

<h3>Investment Highlights</h3><ul><li><strong>Uptown / Irish Channel Location </strong>Positioned just off the Magazine Street corridor, one of New Orleans’ most active retail a

Full financials, photos, and broker contact:
https://commrty.com/property/louisiana/new-orleans/1021-pleasant-street-2489545-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=1021-pleasant-street-2489545

#NewOrleans #Retail #CommercialRealEstate #CRE #Investment

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Home/LA/New Orleans

1021 Pleasant St

New Orleans, LA 70115

Asking Price

$2.00M

Asset Type

Apartment Building Retail

Class

Class B

What's Special

Adaptive Reuse Opportunity | ±13,000–14,000 SF Warehouse | HU-B1 Zoning | Steps from Magazine Street <h3>Investment Highlights</h3><ul><li><strong>Uptown / Irish Channel Location </strong>Positioned just off the Magazine Street corridor, one of New Orleans’ most active retail and dining corridors, with strong surrounding residential density and walkability.</li><li><strong>Scale in a Supply-Constrained Submarket </strong>±13,000–14,000 SF two-story structure (to be verified) on an ±8,880 SF lot—rare building size and footprint for the Irish Channel.</li><li><strong>Adaptive Reuse Opportunity

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

4.01%

DSCR

0.68

Underwater

Cash-on-Cash

-6.42%

Monthly Payment

$9,870.171

Annual Cash Flow

$-38,442.058

Location & Travel Times

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