Catylist ID:
#30852113
Historical Redevelopment Opportunity in Central City
Retail-Commercial
for Sale
| Catylist Listing ID: | 30852113 |
| Property Subtypes: | Convenience Store, Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 3,760 SF |
| Gross Land Area: | 0.13 Acres |
| Sale Price: | $495,000 |
| Unit Price: | $131.65 PSF |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/26/2023 |
Overview / Comments
|
Now available for sale, 2445 First St offers multiple potential redevelopment opportunities, including residential, retail, and multifamily. This historical property is improved with a classic New Orleans corner store, formerly home to Holzenthal Brother's Grocery downstairs with upstairs used for residential purposes (see Historical Photos). The property was built before 1872. The property has already undergone structural reinforcement, fire remediation, and plumbing lines completion. It needs electrical wiring and HVAC. Dual frontage on First St and Freret St. ±5,824 SF lot with ±3,944 SF unimproved. Potential for historic tax credits. The HU-RD2 Two-Family Residential District is intended to provide for two-family development on smaller lots in older, densely populated urban sections of the City mixed with detached single family dwellings. This district also allows higher residential densities when a project is providing significant public benefits such as long-term affordable housing. Limited non-residential uses such as places of worship, historic neighborhood commercial establishments, and recreational facilities that are compatible with surrounding residential neighborhoods may be allowed. • Multiple potential uses – residential, retail, multifamily, etc • Classic New Orleans corner store, formerly Holzenthal Brother's Grocery • Structural reinforcement, fire remediation, and plumbing lines complete • Dual frontage and a ±5,824 SF lot (±3,944 SF unimproved) |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Uptown-Garden District |
| Tax ID/APN: | 412301901 |
| Zoning: | HU-RD2 TWO-FAMILY RESIDENTIAL DISTRICT |
| Retail Clientele: | General, Family, Business, Traveler, Tourist |
| Airports: | Louis Armstrong New Orleans International Airport (MSY) |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1872 |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 28,357 | 201,021 | 412,104 |
| Median Age: | 36.67 | 35.75 | 37.21 |
| Households: | 13,577 | 87,965 | 173,748 |
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