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$2,400,000
Est. payment /mo
2,086 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,086 sqft
Price per Sqft $1,150
MLS Listing ID 2491773
HOA Y/N No
Year Built 1895
Lot Size 3,249 Sqft
Acres 0.0746
Property Description
Rare opportunity to purchase a fully leased mixed use circa 1895 two story Victorian commercial retail/residential building in the heart of Frenchmen Street's lively entertainment district. Property is zoned HMC-1. Located in the most desirable block between Royal and Chartres streets, all rental units are currently occupied on a month-to-month basis. Offering endless opportunities, the floorplan is currently comprised of one large 1626 SF ground floor retail space with a 1582 SF mezzanine overlooking the ground floor retail space and 3 residential units. The 2086 SF of living space is divided among 3 second story one-bedroom apartments (900 - 1100 SF) with one (1064 SF) operating as a licensed commercial vacation rental with a private front entrance on Frenchmen. A large private balcony is accessed via the vacation rental unit and overlooks the vibrant Frenchmen street scene. The remaining two apartments are accessed by a rear exterior staircase and share a second story porch. In addition, there is a 365 SF storage area in the rear and 2 adjacent covered workrooms.
This unbeatable location with a Walk Score of 96 is within minutes of restaurants, bars, retail stores, Washington Square Park and the Riverfront. Contract parking is available at nearby parking lots. This property may qualify for state and local tax credit programs.
This unbeatable location with a Walk Score of 96 is within minutes of restaurants, bars, retail stores, Washington Square Park and the Riverfront. Contract parking is available at nearby parking lots. This property may qualify for state and local tax credit programs.
Location
State LA
County Orleans
Zoning HMC-1
Interior
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Mixed Use,Retail
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Living Quarters
Others
Tax ID 37W100521
Special Listing Condition None
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Listed by Crescent Sotheby's International