1235 St Thomas St

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1235 St Thomas St

New Orleans, LA 70130
Asking Price
$1.75M
Asset Type
Restaurant Office
Class
Class B

AI Property Summary

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

  • The property is currently listed for sale at $1,750,000.
  • This office and restaurant asset is located in New Orleans.
  • The building maintains a status of 100% occupancy currently.
  • The site offers flexibility for future owner-occupied business use.
  • The location is situated within the 70130 zip code area.

What's Special

Priced at $1,750,000, this office property with a restaurant sub-type at 1235 St Thomas St presents a functional investment in the New Orleans market. Situated in the 70130 zip code, the building is currently 100% occupied. The existing layout allows for versatility, serving as a stable income-producing asset while providing potential for future owner-occupancy. New Orleans remains a hub for commerce and hospitality, offering a unique regional economic landscape that supports various business operations. This facility is well-positioned for investors seeking a presence in a historic yet active urban environment. The site configuration is suited for professional services, boutique office needs, or continued food and beverage service, aligning with the diverse commercial character of the surrounding district. Tenants and owners alike will find the location accessible and integrated into the city’s established infrastructure.

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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

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