Catylist ID:
#30798721
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#!/ |
Attachments & Media
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 |
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
Jeffrey Doussan, JrNew Orleans, LALACDB Member |
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