Active
Sale
Investment
Retail
Restaurant
ID a3e63a60
1051 Annunciation St
1051 Annunciation St, New Orleans, LA 70130
For Sale
$2,250,000$471.90/SF
- Cap Rate
- 7.49%%
- Building Size
- 4,768 SF
- Lot Size
- 0.0538 ac
- Parish
- Orleans
- Days on Market
- 392
- Listed
- 09/03/2025
- Updated
- 08/21/2026
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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.
Additional Information
- City
- New Orleans
- State
- LA
- Zip Code
- 70130
- Secondary Uses
- Restaurant
- Zoning
- CBD-6
- Zoning Desc.
- Urban Core Neighborhood Mixed Use District
- NOI
- $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
- Avg. Occupancy
- 100%
- Is End Cap
- Yes
- Parcel APN
- 102102948
- Listing ID
- a3e63a60
- City
- New Orleans
- State
- LA
- Zip Code
- 70130
- Secondary Uses
- Restaurant
- Zoning
- CBD-6
- Zoning Desc.
- Urban Core Neighborhood Mixed Use District
- NOI
- $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
- Avg. Occupancy
- 100%
- Is End Cap
- Yes
- Parcel APN
- 102102948
- Listing ID
- a3e63a60