St. Charles Ave. Lot Package

Vacant Land for Sale
Catylist Listing ID: 30803436
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 8,380 SF
Sale Price: $2,000,000
Unit Price: $238.66 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2022

Overview / Comments

Rare opportunity to acquire vacant land on St. Charles Avenue. Area is 53' x 100' but also includes the rear lot at 1534 Melpomene (28' x 110'), which is currently a parking lot separated by a narrow, common alley.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Taxing Authority: Orleans Parish
Tax ID/APN: 41133907
Zoning: MU-1
Property Located Between: Melpomene and Terpsichore
Property Visibility: Excellent
Legal Description: SQ 194 LOT 1 OR 1A ST CHARLE S & MELPOMENE 21 3X100 VACAN T PARKING LOT 1500-04 ST CHA RLES SALW 1508 ST CHARLES AV 1530 1534 MELPOMENE ST SQ 194 LOT 26 OR 2B ST CHARLES 32' X 100' 3" & 2 HISTORIC MASION COMMERCIAL SALW 1500-04 ST CHARLES AVE 1530 MELPOM ENE & 1534 MELPOMENE ST SQ 194 LOT 2 MELPOMENE 28X13 7 1 STY CONC BLK BLDG SALW 1500-04 08 ST CHARLES 1530 MELPOMENE ST
Largest Nearby Street: St. Charles Ave.
Feet of Frontage: 53
Traffic/Vehicle Count: 20,000
Highway Access: Highway 90, Interstate 10
Airports: Louis Armstrong New Orleans International Airport, New Orleans Lakefront Airport
Site Description: High visibility vacant land with slab less than 5 minutes from the CBD. Excellent uptown location with quick access to the French Quarter, West Bank, Uptown. Mixed use zoning (MU-1) allows and encourages walkable residential and commercial uses.
Area Description: Historic area includes hotels, condos, retail, restaurants and parks. St. Charles Ave. street car runs in front of property.
Lot Frontage: 53
Lot Depth: 100
Zoning Description: MU-1 Medium Intensity Mixed-Use District is intended to encourage walkable neighborhood centers and corridors, with a mix of residential and commercial uses. Buildings may contain vertical mixed-use as well as single purpose uses designed to provide transitions to adjacent lower density residential areas.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,375 205,066 402,903
Median Age: 37.04 35.58 37.01
Households: 13,102 88,019 167,669

Contact

Photograph of Listing Agent

Jim Underwood

Engel & Volkers New Orleans Metairie, LA 70005
LACDB Member
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