Award-Winning Row Home For Sale

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30785637
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 3,604 SF
Sale Price: $1,895,000
Unit Price: $947,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: 415-17 Gravier St
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2022

Overview / Comments

*PRICE IMPROVEMENT*

Award-Winning Row Home For Sale

415-17 Gravier St is a beautifully remodeled, urban 2-unit row-house ideally located Central Business District. Constructed in c.1845, the building originally was used for brick and timber storage and later served as linen & service annex for the Windsor Court Hotel. The building was completely renovated in 2009 in a warm-modern aesthetic and remains in impeccable condition today. 415-17 Gravier St was awarded "Best Adaptive Reuse" in 2010 by AIA New Orleans.

The property is perfectly tucked away on a quiet, tree lined side street in the vibrant Central Business District. It is within walking distance of many of New Orleans’ most prestigious landmarks, restaurants, and bars; most notably the highly rated Restaurant August, Windsor Court Hotel, Mother's Restaurant, Harrah's Casino and Canal Place Mall. Convenient access to I-10, French Quarter, Marigny, Bywater, Mid-City and Lower Garden District.

An article highlighting the property's incredible transformation can be found here: https://www.myneworleans.com/from-storage-to-stellar/pic/41740/

THE DETAILS
- Price: $1,895,000
- Size: 3,604
- 3 Floors
- 2 units - (1) 2 Bed, 2.5 Bath; (1) 1 Bed, 1 Bath
- Zoning: CBD-2 (Hotel and STR are permitted uses)

415 Gravier St
- 2,618 sf
- 2 bed, 2.5 bath
- Top 2 floors with glass elevator access to each floor
- Private balcony

417 Gravier St
- 986 sf
- 1 bed, 1 bath
- Ground floor

FEATURES
- Glass Elevator
- Over-sized skylight
- Exposed heart-pine beams
- Stainless steel appliances
- Stone tops and tiles
- Numerous contract and hourly parking options nearby

Please contact agent for more details.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41036304
Zoning: CBD-2
Percent Occupied: 100%
Property Condition: Excellent
Number of Stories: 3
Year Built: 1845
Year Renovated: 2009
Laundry: In Each Unit
Zoning Description: Commercial and mixed-use district
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,123 183,819 397,736
Median Age: 41.19 36.1 36.79
Households: 9,717 81,199 166,565

Contact

Photograph of Listing Agent

Jack Egle

Felicity Property Co., LLC
New Orleans, LA
LACDB Member
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