2119 Decatur Str

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2119 Decatur Str

New Orleans, LA 70116
Asking Price
$1.45M
Asset Type
Retail
Class
Class B

What's Special

2119 Decatur Street is situated in the Marigny neighborhood of New Orleans, positioned near the border of the French Quarter. This corridor is characterized by a mix of historic architecture, local businesses, and nightlife venues. The property is located one block from Frenchmen Street, a hub for live music and entertainment. The area experiences high levels of pedestrian traffic from both local residents and visitors. Public transit is accessible via several nearby bus lines and the North Rampart Streetcar line, while regional access is provided by Elysian Fields Avenue. The building’s layout and location suit a variety of retail applications, including boutique soft goods, specialized showrooms, or art galleries. Its proximity to established dining and entertainment districts makes it a viable option for businesses that benefit from evening foot traffic and tourism. Potential tenants may include independent retailers, service-oriented businesses, or creative studios seeking visibility within an active urban environment. The flexible interior space allows for custom build-outs to meet specific operational requirements.

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NOI
$80,000
Cap Rate
5.52%
DSCR
0.93
Underwater
Cash-on-Cash
-1.40%
Monthly Payment
$7,173.809
Annual Cash Flow
$-6,085.706

Location & Travel Times