516 Natchez St

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516 Natchez St

New Orleans, LA 70130
Asking Price
$3.00M
Asset Type
Retail
Class
Class B

What's Special

516 Natchez St is situated in the Central Business District of New Orleans, positioned between the historic French Quarter and the Warehouse District. The surrounding neighborhood is characterized by a mix of high-rise office buildings, luxury hotels, and residential lofts. Nearby amenities include Lafayette Square and numerous established dining establishments. The property is accessible via multiple streetcar lines on nearby St. Charles Avenue and Canal Street, and it is located within walking distance of major transit hubs and public parking structures. The street-level retail space is suited for businesses seeking proximity to both daytime professionals and evening tourists. Ideal use cases include boutique fitness studios, specialty coffee shops, or high-end dry goods retailers. A typical tenant profile for this location includes regional service providers or national brands targeting a demographic of urban professionals and hospitality guests. The dense surrounding footprint of commercial offices and hotels provides a consistent base of pedestrian traffic throughout the week.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.89%
Monthly Payment
$14,817.626
Annual Cash Flow
$-97,811.51

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