LUXURY FRENCH QUARTER MIXED USE PROPERTY - FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30531730
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 13,735 SF
Gross Land Area: 4,931 SF
Sale Price: $5,750,000
Unit Price: $418.64 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2020

Overview / Comments

This 13,735 square-foot, four-story elevator serviced building is situated in the heart of the French Quarter and directly across Conti Street from the iconic Louisiana Supreme Court. The location between Royal Street and Chartres is arguably the epicenter of the French Quarter within an immediate and buffered and durable location that is as purely New Orleans as it gets. The renovated building includes a turn-key two-story restaurant with a second floor balcony and high-end commercial kitchen, an up-scale first floor apartment with a private courtyard and a fourth floor luxury penthouse with a private rooftop deck, pool and outdoor kitchen. In addition to these recently renovated spaces, the building also includes a prime and clean redevelopment opportunity on the third floor. In addition to the entire property being available for sale, the two-story restaurant is available for lease.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Taxing Authority: City of New Orleans Assessor
Tax ID/APN: Tax Bill #206102609
Zoning: VCC-2, VIEUX CARRE COMMERCIAL DISTRICT
Property Located Between: Royal Street and Chartres Street
Property Visibility: Excellent
Site Description: Rectangular site with 35'6" frontage along Conti Street by a depth of 138'10".
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Excellent
Passenger Elevators: 1
Zoning Description: VCC-2, Vieux Carre Commercial District
Lot Frontage: 35'6
Lot Depth: 138'10
Legal Description: Lot 10, Square 38, 2nd Municipal District of New Orleans, Orleans Parish, State of Louisiana

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,642 187,072 398,977
Median Age: 41.86 36.06 36.84
Households: 10,740 82,603 167,368

Contact

Photograph of Listing Agent

Pat Browne III

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
Photograph of Listing Agent

S. Parkerson (Parke) McEnery

The McEnery Company New Orleans, LA 70112
LACDB Member
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