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3101 Esplanade Avenue
New Orleans, LA 70119
Asking Price
$1.16M
Asset Type
Restaurant Retail
Class
Class B
What's Special
For Sale: 12,500 SF Site on Esplanade Ridge <ul><li>1,961 SF Building on 12,509 SF Lot</li><li>Up to 14 Parking Spaces</li><li>Zoned HU-B1 (Historic Urban Neighborhood Business District) - Wide Range of Commercial Uses Approved for Site</li><li>Located near Fair Grounds (Home of New Orleans Jazz & Heritage Festival which Regularly Attracts 450,000+ Visitors), Restaurants, City Park, New Orleans Museum of Art, and the Sydney and Walda Besthoff Sculpture Garden</li></ul><p></p>
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NOI
$80,000
Cap Rate
6.90%
DSCR
1.16
Tight
Cash-on-Cash
3.20%
Monthly Payment
$5,739.047
Annual Cash Flow
$11,131.435
