Trophy St. Charles Ave Mixed-Use Investment

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30803028
Property Subtypes: Low-Rise/Garden, Mixed Use
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 7,180 SF
Gross Building Area: See Agent
Sale Price: $2,495,000
Unit Price: $415,833.33 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/17/2022

Overview / Comments

Exceptionally renovated in 2016 with high-end finishes and fixtures throughout, 2854 St. Charles Avenue offers an incredible piece of real estate in an incredible location. The 6 unit mixed-use property sits right on the streetcar line and Mardi Gras parade route, on oak-lined St. Charles Avenue. The property contains 5 residential units along with one of the only commercial spaces fronting St. Charles Avenue in the Garden District. Two of the apartments feature balconies overlooking the parade route, while additional units feature frontage on Sixth Street and several courtyards for private outdoor space. The commercial tenant, Gracious Bakery, recently renewed its lease at the location. The commercial space has a license in place to sell beer and wine for off-premise consumption.

The property is in close proximity to Hot Tin, Commander’s Palace, Tracey’s, Molly’s Rise and Shine, Delachaise Wine Bar, Superior Seafood, and a host of other established restaurants and retailers.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41038236
Percent Occupied: 100%
Total Number of Buildings: 2
Number of Stories: 3
Year Renovated: 2016

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,073 193,721 401,389
Median Age: 36.32 36.12 37
Households: 16,121 83,669 167,177

Contact

Photograph of Listing Agent

Aaron Kazanoff

ben + burka New Orleans, LA 70115
LACDB Member
Photograph of Listing Agent

Casey A Burka

ben + burka New Orleans, LA 70115
LACDB Member
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