Hotel For Sale

Hospitality for Sale
Catylist Listing ID: 30638528
Property Subtypes: Hotel, Inn
Number of Units: 9 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $528.84 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/28/2020

Overview / Comments

Hotel for Sale.
Hotel Storyville is a captivating southern colonial, two story balcony, 9-unit, gated commercial property on world famous Esplanade Ave just two blocks from the French Quarter.

The building offers 5200sf of living space with 4 studio apartments, 3-1 bedroom apartments, a 2-bedroom apartment and 1-efficiency. Each unit is fully furnished with en-suite bathroom and kitchen/kitchenette.

With over 6100sf, the exterior offers a bounty of peaceful escape overlooking the immense oak trees lining Esplanade Ave. In back, a luxurious tropical garden landscaped with beautiful water features, built in pergola, dance floor, covered stage and bar area with storage offers private event space for up to 300 people. Plus an unheard of, gated, 18 car parking lot and free street parking.

Conducive to expansion, Hotel Storyville has only scratched the surface of possible revenue streams and is particularly sought after for the huge outdoor event space and location.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41061482
Retail Clientele: Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Esplanade Avenue, Claiborne Avenue and Rampart Street
Highway Access: Proximity to I-10 East and West within 1 minute.
Airports: MSY Airport
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Year Built: 1986
Roof Type: Hip
Construction/Siding: Stucco
Total Parking Spaces: 18
Parking Type: Surface
Parking Description: Side entrance to 18 car parking lot. Entrance is on Marais Street. Electric, gated and secured.
Sprinklers: None
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: LARGE ENTRANCE AND SEATING AREA. EACH ROOM IS FURNISHED WITH BED, TABLE, DINNING AREA TABLE, SOFA, CHAIRS, KITCHENETTES ARE FULLY FURNISHED WITH ALL UTENSILS, COFFEE MAKERS AND SO ON. PROPERTY HAS THREE FLOORS, WITH 3 UNITS ON THE FIRST FLOOR, 2 ON THE SECOND FLOOR AND 4 ON THE THIRD FLOOR.
Zoning Description: HMR-3 HISTORIC MARIGNY TREME BYWATER RESIDENTIAL DISTRICT RDO-2 RESIDENTIAL DIVERSITY OVERLAY DISCTRICT SEE CZO.NOLA.GOV FOR MORE INFORMATION
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SQ 381 LOT 29 A ESPLANADE 60/109XVAR CHATEAU ESPLANADE TIME SHARE APT 2/ST STUCCO APT BLDG SEE SEQ E002 BULKED FOR 1986 12/8/81- B425 $184,011 EREC T 11,328 FT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,054 177,002 378,564
Median Age: 38.83 36.19 36.41
Households: 14,892 76,966 159,926

Contact

Photograph of Listing Agent

Kate Kancheva

Keller Williams Realty Professionals Slidell, LA 70461
LACDB Member
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