Secure Parking in CBD or Conversion Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30852364
Property Subtypes: Parking Facility
Building Size (RSF): 1,593 SF
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $204.02 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/27/2024

Overview / Comments

This easily adaptable, almost 1,600-sf condo is ideal for a variety of commercial uses. It is in an enviable location, close to both the Central Business District offices, banks, and courthouses as well as highly visited tourist destinations. It is an easy walk to Harrah’s Casino/Caesars, retail destinations like the Shops at Canal Place and Riverwalk Outlets, and the ever-popular French Quarter. It is also within a half block of The Windsor Court and fine dining like Restaurant August and Chophouse.

Currently serving as a covered parking garage for up to four automobiles, this space is versatile. With CBD-2 zoning, it can be used for either retail or office purposes. The space is built up to commercial code, with 2’ sheet rock and steel support beams, ensuring structural integrity, and can be built out further, making this an attractive downtown option.

Condo dues are $330 per month, and the purchaser is responsible for shell space maintenance and insurance.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,246 184,461 397,736
Median Age: 41.32 36.14 36.79
Households: 9,279 81,448 166,565

Contact

Photograph of Listing Agent

Keith Adler

Corporate Realty - Main Office New Orleans, LA 70170-0000
LACDB Member
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