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2638 New Orleans St
New Orleans, LA 70119
Retail Property For Sale

Executive Summary

One property, four income streams, endless opportunity. Prime investment opportunity Located in the 7th w/d featuring both income-producing and value-add potential. Liquor License. The ground floor commercial space was previously operating as a bar with rental income of $1,600/month,
This versatile space includes two bathrooms and a full kitchen, easy conversion into a restaurant or other food/beverage concept. Upstairs, you’ll find two 2-bedroom, 1-bath units—both in need of renovation—each with a projected rental income of $1,375/month after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, potential rent $1,000/month -need renovations. With multiple income streams and opportunities to increase rental rates, this property is investors looking to maximize returns in a sought-after location.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,151 SF
Building Class
C
Year Built
1940
Price
$477,484 CAD
Price Per SF
$115.03 CAD
Cap Rate
12.86%
NOI
$61,391 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.36
Lot Size
0.07 AC
Zoning
HU-RD2
Frontage
106’ on Hope Street

Amenities

  • Corner Lot

Property Taxes

Property Taxes

Parcel Number
3-7W-2-129-12
Land Assessment
$3,301 CAD
Improvements Assessment
$29,918 CAD
Total Assessment
$33,219 CAD
  • Listing ID: 40216400

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 2638 New Orleans St, New Orleans, LA 70119

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