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
|
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 |
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 |
|
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