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1513 Saint Charles Ave
New Orleans, LA 70130
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located on St. Charles Streetcar line
- Property is fully leased
- Multiple hotels near by
EXECUTIVE SUMMARY
This stabilized mixed-use investment is located on St. Charles Avenue in Uptown New Orleans along the historic St. Charles Streetcar line. The fully leased property features a long-term ground-floor restaurant tenant with a residential apartment above.
The asset offers in-place cash flow, contractual rent increases, and recent capital improvements, including a new roof completed in 2025. It is well suited for investors or 1031 exchange buyers seeking predictable income in a core Uptown location.
The property is centrally positioned between Uptown and Downtown New Orleans and is surrounded by a strong concentration of established restaurants and neighborhood retail, including Lula Restaurant & Distillery, Tito’s Ceviche, Houston’s, Raising Cane’s, and other established neighborhood operators.
The residential unit has previously held a short-term rental license and retains a configuration suitable for future STR use, subject to applicable approvals.
Do not disturb current tenant.
The asset offers in-place cash flow, contractual rent increases, and recent capital improvements, including a new roof completed in 2025. It is well suited for investors or 1031 exchange buyers seeking predictable income in a core Uptown location.
The property is centrally positioned between Uptown and Downtown New Orleans and is surrounded by a strong concentration of established restaurants and neighborhood retail, including Lula Restaurant & Distillery, Tito’s Ceviche, Houston’s, Raising Cane’s, and other established neighborhood operators.
The residential unit has previously held a short-term rental license and retains a configuration suitable for future STR use, subject to applicable approvals.
Do not disturb current tenant.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
3,954 SF
Year Built/Renovated
1944/2000
Price
$1,712,605 CAD
Price Per SF
$433.13 CAD
Cap Rate
6.98%
NOI
$119,610 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.06 AC
Zoning
HU-MU
Frontage
20’ on St Charles Ave
PROPERTY TAXES
| Parcel Number | 1-01-1-069-10 | Improvements Assessment | $101,473 CAD |
| Land Assessment | $18,981 CAD | Total Assessment | $120,454 CAD |
PROPERTY TAXES
Parcel Number
1-01-1-069-10
Land Assessment
$18,981 CAD
Improvements Assessment
$101,473 CAD
Total Assessment
$120,454 CAD
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