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1051 Annunciation St
1051 Annunciation St, New Orleans, LA 70130
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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.
Attachments
Links
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















