One of a Kind Historic Marigny Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30612518
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 4,444 SF
Gross Land Area: 2,700 SF
Sale Price: $1,500,000
Unit Price: $337.53 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 1/20/2021

Overview / Comments

One of New Orleans' most romantic restaurants, the former Feelings Cafe Bar & Courtyard is available for lease or purchase. The property is offered fully licensed with liquor service, fully furnished with equipment, furniture and fixtures including tables, chairs, kitchen equipment, televisions, security cameras and alarm system. Seller will sell the naming rights for Feelings Cafe, as well.

Estimated at more than 100 years old, and restored in 2016-2017, the property is a two story approximately 4,444 sf building currently being used as a restaurant/bar and event venue. The improvements are of brick and block construction, brick and concrete exterior walls, flat composite and a pitched composite shingle roof. The 2,250 sf ground floor is composed of a foyer area, large dining room with french doors opening to the street, a bar area, three bathrooms, various storage rooms, and the iconic open brick courtyard (not included in GBA calculation). The second floor, which is accessible from an interior stairwell in the foyer, is composed of another commercial kitchen, a dining room, one full bathroom and one half bathroom, an office, a special events room, and a covered balcony overbooking the courtyard. It is possible for a new buyer to have two separate restaurant concepts occupying the building on different floors.

The Seller owns the adjacent multifamily property at 2604 Chartres which is also being offered for sale and can be sold together as a package.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41063445
Zoning: HMC-1
Area Description: This neighborhood is one of the older developed sub-markets in the New Orleans area that was heavily developed by the 1800s as the earliest development in the city was centered along the river. There has historically been a large industrial presence immediately along the river, much of which is no longer in use. However, approximately 1.4 miles of this has been returned to public use as a park providing an important link between this neighborhood and the French Quarter. While the neighborhood saw a large decrease in population following Hurricane Katrina, it has since emerged as a very trendy neighborhood and population levels are anticipated to continue to substantially increase.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,384 155,188 379,112
Median Age: 40.43 36.91 36
Households: 12,838 68,095 158,388

Contact

Photograph of Listing Agent

Andrea A Huseman

Corporate Realty - Canal Place New Orleans, LA 70130
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.