Blue Chip French Quarter Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30807374
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 6,750 SF
Sale Price: $3,695,000
Unit Price: $547.41 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 6/22/2022

Overview / Comments

Blue Chip French Quarter Building! Unique opportunity to own multi-use 3-story building on prime commercial strip on Decatur. Downstairs consists on 2,000 SF retail space with three French doors opening up to popular street with heavy foot traffic. Commercial space has expansive, coveted storage area upstairs and also consists of three residential units with separate entrance for additional income or possible condo conversion in the future. Surrounded by popular businesses including Cafe Du Monde and steps to St. Louis Cathedral and Jackson Square this is a rare chance to own a generational property in the Vieux Carré!
Annual PGI $303,540

Attachments & Media

Financials

Finance Data Year 2022
Potential Rental Income $303,540 (Annual)

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Tax ID/APN: 41022810
Zoning: VCC-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Dumaine and Saint Philip
Property Visibility: Excellent
Largest Nearby Street: Decatur
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Roof Type: Flat
Construction/Siding: Stucco
Sprinklers: None
Heat Source: Central
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: 22
Lot Depth: 116
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1. SQ 21 LOT D DECATUR 2. 22X116

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,222 175,622 392,950
Median Age: 40.8 36.14 36.68
Households: 12,707 77,116 165,044

Contact

Photograph of Listing Agent

George Jeansonne

French Quarter Realty
New Orleans, LA
LACDB Member
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