Opportunity to Purchase in Lafayette Square Area of CBD

Retail-Commercial for Sale
Also listed as Hospitality, Multi-Family
Catylist Listing ID: 30798721
Property Subtypes: Mixed Use, Restaurant, Other
Building Size (RSF): 16,872 SF
Gross Land Area: 5,427 SF
Sale Price: $2,900,000
Unit Price: $171.88 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: American Zen Temple Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2022

Overview / Comments

Priced to sell! Don’t let this fantastic opportunity in the CBD pass you by ! Bring your vision, and revamp 748 Camp to its full potential . With a versatile floorpan, this 4 floor, 16,872 SF building comes with a spacious 4000+SF ground floor restaurant/bar, plus a charming rear courtyard .
The second floor is a large blank canvas, and was previously home to Cosimo Matassa’s world famous Jazz City Studio in the 60’s & 70’s . The third floor currently has 2 spacious and gorgeous loft apartments, complete with a large rear terrace with incredible views! The 4th floor is currently used as a communal office/ dorm style living area .
With no long term leases in place, one can start immediately to bring their vision to fruition; a boutique hotel with a fabulous dining option?
Condos, luxury apartments, STR, or a combo thereof ? Plans were drawn up previously for units, and can be shared upon request .

* Commercial Sprinkler System installed . Building is solid .
* The adjacent covered 12 spot parking space at 744 Camp IS NOT included in this sale, but IS for sale through Broker Snappy Jacobs .
*Please see link below for 3D walkthrough, floorpans and photos :

https://www.tourbuzz.net/public/vtour/display/1976370?idx=1#!/

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41221689
Zoning: CBD-5
Retail Clientele: General, Business, Tourist, Recreation, Convention
Property Located Between: Julia, Girod, Magazine, Camp
Property Visibility: Excellent
Largest Nearby Street: Camp St
Feet of Frontage: 31
Airports: MSY
Area Description: Area bounded by Camp, Magazine , Julia , and Girod .Great location in the Historic Lafayette Square area . Close to Peche Restaurant, Giana, Carmo, the Ogden Museum, CAC, WW2 Museum, and Julia St. Art Galleries to name a few .
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Good
Year Built: 1870
Roof Type: Flat
Construction/Siding: Brick
Parking Description: Adjacent Parking Lot ( 12 spaces, covered ) is for sale through a different Broker .
Sprinklers: Wet
Heat Source: Central
Zoning Description: CBD-5
Lot Frontage: 31.1
Lot Depth: 170.6
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SQ 162 LOTS 10 OR 36 CAMP 31 10X170 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,416 193,692 401,078
Median Age: 38.18 35.84 36.94
Households: 10,621 84,472 167,900

Contact

Photograph of Listing Agent

Jeffrey Doussan, Jr

New Orleans, LA
LACDB Member
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