Catylist ID:
#30411514
!!PRICE IMPROVEMENT!! Charming Historic French Quarter Building
Retail-Commercial
for Sale
| Catylist Listing ID: | 30411514 |
| Property Subtypes: | Convenience Store, Mixed Use, Restaurant, Street Retail, Other |
| Building Size (RSF): | 4,735 SF |
| Gross Building Area: | 5,670 SF |
| Sale Price: | $1 |
| Unit Price: | $0 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/3/2024 |
Overview / Comments
|
Historic townhouse nestled in the French Quarter now available for purchase! Built circa 1831, this property is a great opportunity for redevelopment. Consisting of a main structure and dependents unit, the building can be restored as a mixed-use property or converted into any of the numerous viable uses under the VCC-1 zoning (dwelling, art studio/gallery, catering, day care center, office, personal service, restaurant, retail, educational facility, place of worship, etc.). There are currently 5 residential units and 1 commercial unit. Near the Historic French Market, the Old U.S. Mint, Frenchman Street, and a plethora of restaurant and retail outlets, 1229 Decatur is right in the middle of it all while still having easy access in and out of the French Quarter. Boasting a nice cast iron gallery overlooking Decatur, dormer windows, and a Greek revival alley doorway, this building is a classic French Quarter gem. There is no sign on the property. All measurements to be verified by purchaser. Please contact listing broker for pricing. Need 24 hour notice to show. 2020 insurance: $3,530.26 2020 Taxes: $8,086.04 Approximate Maintenance: $4,000/year Approximate water: $300/month Approximate house electric (for outside lights): $150/month |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | French Quarter |
| Tax ID/APN: | 41022857 |
| Zoning: | VCC-1 |
| Retail Clientele: | General, Traveler, Tourist, Convention, Other |
| Property Located Between: | Barracks & Gov. Nicholls |
| Property Visibility: | Good |
| Largest Nearby Street: | Esplanade Ave. |
| Feet of Frontage: | 25 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 2 |
| Number of Stories: | 3 |
| Property Condition: | Fair |
| Year Built: | 1831 |
| Sprinklers: | None |
| Air Conditioning: | Window Unit |
| Zoning Description: | The VCC-1 Vieux Carré Commercial District is intended to provide for restricted retail stores and service establishments that will attract and service local residents and tourists, and that will not adversely affect the character of nearby residences or detract from the overall character of the Vieux Carré. |
| Lot Frontage: | 25 Feet |
| Lot Depth: | 100 Feet |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | 1. SQ 18 LOT 1 DECATUR 25X100 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 22,950 | 177,023 | 391,683 |
| Median Age: | 40.34 | 36.37 | 36.51 |
| Households: | 12,010 | 77,446 | 164,150 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
