Freret Commercial Strip
5031-41 Freret Street, New Orleans, Orleans 70115
5033 Freret Street, sold in 2020, offers 125’ of frontage on bustling Freret Street with a total of 7 commercially zoned units. The property is home to Good Bird, Liberty Cheesesteaks, Spomenik Supply, Iacovone Kitchen, and two apartments/office spaces on the second floor. Ownership, who operate The Other Bar, delivered the space as vacant, making this an ideal opportunity for a bar operator to take over an existing operation with significant additional rental income. One of the two upstairs 3 bedroom apartments is utilized as office space, with the other leased to a STR operator with license in place.
The property is in close proximity to a host of destination restaurants, bars, venues, and retailers. Tulane and Loyola Universities are less than a mile away boasting a combined 18,500 students. Sacred Heart, Lusher, and Newman are also less than a mile from this opportunity.
Address: 5031-41 Freret Street
City: New Orleans
Zip Code: 70115