Iconic Uptown New Orleans Restaurant For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30804702 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
4,293 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,575,000 |
| Unit Price: |
$366.88 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Upperline Restaurant |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/19/2024 |
Overview / Comments
Second-generation restaurant with existing fixtures, furniture, and equipment is now for sale. The restaurant is a combination of two properties (1413 Upperline Street and 4836 Pitt Street) and consists of multiple unique dining areas, each with its own intimate setting.
The ground floor features a small bar area, three dining rooms, kitchen, waitstaff area, restrooms, and storage. The second floor has a large office, prep kitchen, a large wine storage room, and a storage area that has potential for future dining room/private event expansion.
Located along the growing Prytania corridor among many thriving food and beverage businesses, this property has been a restaurant under different owners for almost nine decades and currently has a liquor license. It is zoned HU-MU neighborhood mixed-use.
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Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Uptown-Garden District |
| Tax ID/APN: |
41055570 |
| Zoning: |
HU-MU |
| Retail Clientele: |
General, Family, Traveler, Tourist, Recreation |
| Property Located Between: |
Prytania St and St Charles Ave |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
St Charles |
| Site Description: |
Located along the growing Prytania corridor among many thriving food and beverage businesses, this property has been a restaurant under different owners for almost nine decades as operating as the Upperline for almost forty years. |
| Area Description: |
Primarily residential, the Uptown area has historically been a convenient location for families, providing an easy commute to the Central Business District and downtown New Orleans. It also has an active student population, as both Tulane and Loyola Universities are included in Uptown. There is still a predominantly commercial concentration on Magazine Street, which attracts both city residents and tourists to shop and dine, while other stores and restaurants can be
found scattered throughout Uptown. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Property Condition: |
Excellent |
| Year Built: |
1937 |
| Parking Type: |
Surface |
| Parking Description: |
Street parking around property |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
30,499 |
167,518 |
392,877 |
| Median Age: |
36.35 |
36.4 |
37.02 |
| Households: |
13,864 |
71,778 |
163,933 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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