4617 Sanford St. – Bar and Office or Apartment For Sale or Lease (Plus lot on Rye St.)


Price: $895,000 or rent bar for $2,000 or rent upstairs for $1,500/mo.
Zoning: BC-2
Sq. ft.: 4,735
Lot Size:
Type:

This two story building is located on land stretching from Sanford Street to Rye Street – with parking lots on both sides. The Rye Street lot can be leased separately from the Sanford lot which services the building. The building has Lucky’s Bar & Grill on the first floor. It can be leased, including all FF&E, and the LLC that owns it can be purchased – or, the entire building, lot, business and FF&E can be purchased in toto. It has three poker machines that are part of the deal.
The second floor is a very nice office which can also be an apartment. It has 1.5 baths, washer & dryer hookups, and a full kitchen. It’s a lot nicer than it appears from the outside and can be leased separately from the bar or the parking lot.
An interesting possibility would be to purchase both lots and add on to the rear of the building such that another barroom is constructed. That way, three additional video poker machines could be added to the mix to greatly increase the net revenues of the investment.

Take a look at the attached video for reference, and then click on the 3D view. From there, you can experiment with a variety of different walk-troughs, look at the floor plan several different ways, and do a 360 in each room, for example.


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ABOUT SKIP WEBER


As a premier commercial real estate agent in New Orleans, I’m here to provide you with all the resources and information you need to buy or sell commerical real estate.

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