Catylist ID:
#30638528
| Catylist Listing ID: | 30638528 |
| Property Subtypes: | Hotel, Inn |
| Number of Units: | 9 Units |
| Building Size (RSF): | See Agent |
| Gross Building Area: | See Agent |
| Gross Land Area: | 11,000 SF |
| Sale Price: | $2,750,000 |
| Unit Price: | $305,555.56 Per Unit |
| Ceiling: | 10 ft. |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/19/2021 |
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 one bedroom apartments, 3 one and half 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. |
Attachments & Media
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 |
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 |
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