Supernatural Commercial Space For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30804581 |
| Property Subtypes: |
Mixed Use, Street Retail, Other
|
| Building Size (RSF): |
1,680 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1,220 SF
|
| Sale Price: |
$1,100,000 |
| Unit Price: |
$654.76 PSF |
| Property Use Type: |
Vacant/Owner-User, Business |
| Sale Terms: |
Undisclosed, Cash to Seller, Owner Financing, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/15/2024 |
Overview / Comments
521 St. Philip Street provides a unique opportunity to acquire not only a highly desired commercial condo in the heart of the French Quarter, but also an incredible piece of New Orleans history. This building was the original home of the "Witch's Workshop" opened by Priestess Mary Oneida Toups, a White Witch, known to many as one of the most powerful Witches to have practiced in New Orleans. Today, the White Witch' s Workshop, also the first Church of Witchcraft, still hosts a sacred pentacle, painted by Mary herself. That pentacle is a portal which connects us to another space in time. This portal brings entities of light, love and positive-healing energy. It is also home to a "Shop Pet" who may present himself to certain customers by rubbing his nose against their bare legs to make them aware of his presence.
The property consists of a 900 SF commercial space with a 780 SF condo attached and an outdoor courtyard with shared access from both the residential unit and the commercial space. 521 St. Philip was fully remodeled in 2014, and the condo was more recently updated in 2018. The incredible location in-between Chartres and Decatur, along with 4-bays across the front of the building create great pedestrian traffic flow and generates an abundance of street exposure. Being in the French Quarter, there are countless shops, restaurants, and activities all within walking distance of this incredibly well positioned asset.
One of the Commercial Rental Units is leased at $2,800/month, while the owner self-leases the other space.
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Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
French Quarter |
| Taxing Authority: |
Orleans Parish |
| Tax ID/APN: |
41023272 |
| Zoning: |
VCR-2 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other |
| Property Located Between: |
Decatur Street and Chartres Street |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
30 |
| Tenancy: |
Multiple Tenants |
| Parking Description: |
Street |
| Zoning Description: |
The VCR-2 Vieux Carré Residential District is intended to preserve and protect existing residential development and to maintain the authentic character of the historic Vieux Carré while permitting moderately higher density than allowed in the VCR-1 District. Incompatible uses and building modifications are excluded from this residential district, and rehabilitation and adaptive reuse are encouraged. |
| Lot Frontage: |
30 |
| Lot Depth: |
120 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
SQ 20 LOT 29 ST PHILIP, 30X120, APTS 1, 3, 4, 5, 6, 7 & 8 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
24,642 |
179,071 |
392,767 |
| Median Age: |
40.88 |
36.07 |
36.63 |
| Households: |
12,900 |
78,844 |
164,841 |
|
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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.
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