Active

1051 Annunciation St

1051 Annunciation St, New Orleans, LA 70130

1 / 17

Overview

This ground floor restaurant condominium unit is available for purchase within a larger, four-story residential condominium complex known as The Cotton Mill in the Warehouse District of New Orleans. It is currently leased/operating as a bar and restaurant known as Plates (business not for sale). Furniture, Fixtures & Eqipment are included. The interior of the unit boasts an open dining area with a bar and a food running station, along with four private restrooms, a spacious commercial kitchen, stock rooms, and an office. The ceilings in the dining room soar up to 18 feet in height. The property is zoned CBD-6 Urban Core Neighborhood Mixed-Use District.

For Sale

Investment
Retail

Secondary Uses: Restaurant

Sale Price
$2,390,000
Price Per SF
$501.3/SF
Cap Rate
7.05%
Building Size
4,768 SF
Acres
0.0538 ac
Zoning Description
Urban Core Neighborhood Mixed Use District
Net Operating Income
$168,480
Tenant
Plates
Building Name
The Cotton Mill Condominiums
Building Class
C
Floors
1
Year Built
1882
Submarket
Warehouse District
Tax ID Number
102103329
Property Use Type
Net Leased (NNN)
Property Status
Existing
Average Occupancy Rate
100%
Is End Cap
Yes
County
Orleans Parish
Created
09/03/2025
Updated
09/03/2025
Listing ID
a3e63a60
Parcel APN
102102955