Historic Treme Hospitality Property | Inn at the Old Jail

Hospitality for Sale
Catylist Listing ID: 30678241
Property Subtypes: Bed & Breakfast, Inn, Vacation Rental(s)
Number of Units: 10 Units
Building Size (RSF): 7,146 SF
Gross Building Area: See Agent
Sale Price: $1,850,000
Unit Price: $185,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Inn at the Old Jail
Name of Establishment: Inn at the Old Jail
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2021

Overview / Comments

The McEnery Company is pleased to present the Inn at the Old Jail- a 10 room hospitality property in the heart of Treme, immediately adjacent to Mid-City, and in direct proximity to French Quarter, Marigny, Jazz Fest and all New Orleans has to offer.

The 7,146 Sf building was built as a New Orleans police jail and patrol station in 1902. This striking Queen Anne beauty became a library, then a much-loved community center before it was damaged and abandoned in the 2005 flood. The neighborhood icon was lovingly restored beginning in 2013 and converted into a welcoming nine-room boutique inn with owner's suite rich with architectural details and character.

The Inn at the Old Jail is on the National Register of Historic Places, and combines historic preservation with modern amenities, including an open reception area for relaxed check-ins. Amenities include a beautiful elevated roof-top deck off of the second story, a library with a grand piano, full commercial kitchen, and common living areas.

The property is currently operated as a traditional B&B with unusually limited marketing exposure. There is significant room for year over year improvement in revenue with an expanded marketing platform. All FF&E transfers with the property.

Financial information and floorplan available to qualified parties with non-disclosure agreement.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41212209
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 1902
Year Renovated: 2013
Roof Type: Hip
Construction/Siding: Brick
Sprinklers: Wet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 29,557 193,823 375,616
Median Age: 36.43 36.11 36.84
Households: 12,209 83,408 160,219

Contact

Photograph of Listing Agent

Gordon McLeod

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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