Prime Location On The Corner Of Bourbon & Orleans

Hospitality for Sale
Catylist Listing ID: 30868450
Number of Units: 3 Units
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Sale Price: $6,995,000
Unit Price: $2,331,666.67 Per Unit
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2024

Overview / Comments

Opportunity awaits at this historic property on the corner of Bourbon and Orleans. Zoned VCE for Vieux Carré Entertainment, 718 Bourbon includes two bar rooms on the first floor as well as a courtyard right off the sidewalk. Second floor walk-up has large bar room/dining room with multiple French doors that open out the wraparound gallery. Kitchen area on second floor. Possible apartment or office on third floor. Carriage house behind the courtyard offers two separate areas also ready to be rebuilt. Amazing location, one block behind St Louis Cathedral.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket Type: Historic District
Tax ID/APN: 207102011
Zoning: VCE - VIEUX CARRE ENTERTAINMENT
Retail Clientele: Traveler, Tourist, Recreation, Convention
Property Located Between: On the corner of Bourbon and Orleans
Property Visibility: Excellent
Largest Nearby Street: Bourbon Street
Airports: MSY & Lakefront
Nearby Attractions: Riverwalk, Superdome, Smoothie King Arena, Cruise ship port, Aquarium
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Fair
Year Built: 1810
Construction/Siding: Brick
Zoning Description: VCE - Vieux Carre Entertainment. The purpose of this district is to provide for entertainment places and restricted retail stores that attract and serve visitors and local residents.
Lot Frontage: 68
Lot Depth: 33
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1. SQ 60 LOT 3 BOURBON AND 2. ORLEANS 68 X 33

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,558 185,901 391,783
Median Age: 41.45 36 36.75
Households: 12,522 81,716 164,817

Contact

Photograph of Listing Agent

Shelley Lawrence

Latter & Blum Elysian Fields New Orleans, LA 70117
LACDB Member
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