Description
EAT AT MELBA’S! Located at the prime, highly trafficked, signalized corner of N. Claiborne and Elysian Fields, 1525 Elysian Fields offers a rare, stable NNN investment opportunity. The property has been owner/occupied by Melba’s Po-Boys for over 15 years. Melba’s was recently ranked by Inc Magazine as one of the fastest growing businesses in Louisiana. Ownership is offering a 10 year lease back at $20,000/month absolute NNN.
The property features a high traffic washateria, a full service restaurant, daiquiri bar, 6 video poker machines (with the potential to increase to 9) and a community center, along with off street parking for 60+ cars. The property includes multiple parcels – a rare, large assemblage for New Orleans.
For additional details, see linked brochure.
ZoningC-1
Property Size6000 SqFt
Property TypeInvestment
Address
Address: 1525 Elysian Fields Avenue
City: New Orleans
Parish: Orleans
Zip Code: 70117
Neighborhood: 7th Ward
