French Quarter Commercial Building For Sale (Mix Use)

Retail-Commercial for Sale
Catylist Listing ID: 30807383
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 5,109 SF
Gross Building Area: See Agent
Sale Price: $1,650,000
Unit Price: $322.96 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 11/22/2022

Overview / Comments

French Quarter mixed-use single standing building in prime location! Located in the heart of the French Quarter close to popular tourist sites: Cafe Du Monde, The French Market, and St. Louis Cathedral this property features excellent foot traffic and visibility. Ground floor is leased commercial space with small courtyard perfect for retail use. Upstairs are two 3-bedroom apartments, extra storage or possible third residential apartment. Excellent opportunity to add blue chip investment to your portfolio!

Financials

Finance Data Year 2022
Gross Operating Income $134,400 (Annual)

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Tax ID/APN: 41022855
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Barracks and Gov. Nicholls
Property Visibility: Excellent
Largest Nearby Street: Decatur
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Roof Type: Arched
Construction/Siding: Brick
Zoning Description: The VCS Vieux Carré Service District is intended to provide for the redevelopment of areas near the Mississippi River that were historically developed with industrial and commercial uses as a mixed-use area, with ground-floor retail and commercial uses and residential uses above. This district also promotes the improvement, beautification and redevelopment of existing surface parking lots and their redevelopment with structured parking and a mixture of commercial and residential uses. Existing commercial uses that do not adversely affect residential uses or the overall character of the Vieux Carré are also intended to be accommodated in the VCS-1 District.
Lot Frontage: 26
Lot Depth: 69
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1. SQ 14 LOT 8 DECATUR 26X69

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,176 177,025 391,683
Median Age: 40.06 36.38 36.51
Households: 12,503 77,478 164,150

Contact

Photograph of Listing Agent

George Jeansonne

French Quarter Realty
New Orleans, LA
LACDB Member
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