525 Harrison Avenue

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525 Harrison Avenue

New Orleans, LA 70124
Asking Price
$1.75M
Cap Rate
6.2%
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 525 Harrison Avenue in New Orleans, Louisiana.
  • The restaurant facility encompasses 3,627 square feet of space.
  • This retail asset is currently offered for $1,750,000.
  • The property provides an investment at a 6.2% cap rate.
  • Positioned within the active and established Lakeview residential neighborhood.

What's Special

New Orleans serves as a cultural and economic anchor for the Gulf Coast, with the Lakeview neighborhood providing a dense residential base for this retail asset. Situated on Harrison Avenue, the property benefits from steady local traffic and the ongoing growth characteristic of the New Orleans metro area. The 3,627-square-foot building is currently configured for restaurant operations, making it a viable candidate for hospitality investors or established food service operators looking to maintain a foothold in the 70124 ZIP code. Its location within a well-trafficked commercial corridor offers visibility and accessibility to the surrounding residential community, supporting consistent customer volume. Potential buyers can utilize the existing infrastructure for continued dining use or adapt the floor plan to suit other retail concepts that serve this stable demographic. The building layout supports efficient operations, and its position in a central district provides proximity to key regional thoroughfares and business hubs. This asset presents a functional footprint for entities seeking to expand their operational presence in a key New Orleans neighborhood.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

Location & Travel Times