St. Charles Ave. Lot Package
Vacant Land
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30803436 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Retail
|
| Status: |
Pending/Contingent |
| 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: |
5/15/2023 |
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 |
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 |
|
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