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!
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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 |
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 |
|
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