French Quarter Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30868033
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 13,122 SF
Gross Building Area: See Agent
Gross Land Area: 4,088 SF
Sale Price: $5,900,000
Unit Price: $449.63 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2024

Overview / Comments

This 3 & 4-story interconnected buildings are improved as first floor retail space and upper floor office spaces. This property is ideal for a mixed-use redevelopment of first floor retail space and upper floor apartments. There are Mississippi River views from the upper floors. The 400 block of Decatur Street is a strong retail stretch with near national retailers and adjacent to Tujaque’s Restaurant.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Tax ID/APN: 206101611
Zoning: VCC-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Conti & St. Louis Streets
Property Visibility: Excellent
Largest Nearby Street: St. Louis Street
Feet of Frontage: 56
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Fair
Year Built: 1807
Year Renovated: 1980
Construction/Siding: Brick
Passenger Elevators: 1
Sprinklers: Wet
Zoning Description: Vieux Carre Commercial District
Lot Frontage: 56
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,132 183,935 397,933
Median Age: 42.03 36.07 36.84
Households: 11,562 81,251 166,741

Contact

Photograph of Listing Agent

Robert E Talbot

Talbot Realty Group New Orleans, LA 70130
LACDB Member
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