Prime Corner Building in the French Quarter

Retail-Commercial for Sale
Catylist Listing ID: 30409111
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 6,290 SF
Gross Building Area: See Agent
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 8/22/2019

Overview / Comments

Historic French Quarter corner building with a huge gallery overlooking Decatur and Barracks now available! Built in 1833 in the Creole style, this is a quintessential French Quarter property with arched ground floor openings, French doors, and a cast iron wrap-around gallery. Near Frenchman Street, the Old U.S. Mint, Historic French Market, Italian Barrel and other great restaurants and retail spaces, this location is hard to beat. And don't forget... be in the middle of French Quarter Fest which brings over half a million attendees every April!

This is a great opportunity for redevelopment. Federal and historic tax credits should be available if restored. Ground level is retail with 2 units (approximately 600 SF each); 8 residential units on the upper floors. All leases are month-to-month. The main structure is 4 stories; back house has 3 stories. Enjoy easy access in and out of the French Quarter via Esplanade or Elysian Fields.

Current zoning (VCC-1) allows for a multitude of different uses including: dwelling, art studio/gallery, catering, day care center, office, personal service, restaurant, retail, educational facility, place of worship, etc.

Please note, there is no sign on the property. All measurements to be verified by purchaser. Please contact agent for pricing. Need 24 hour notice to show.

2018 insurance: $6,531.82
2018 Taxes: $9,333.71
2018 Maintenance: $5,116.15
Approximate water: $330/month
Approximate house electric (for outside lights): $90/month

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Tax ID/APN: 41021888
Zoning: VCC-1
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Esplanade & Barracks
Property Visibility: Excellent
Feet of Frontage: 32
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 4
Property Condition: Fair
Year Built: 1833
Construction/Siding: Brick
Heat Type: Space Heaters
Air Conditioning: Window Unit
Zoning Description: The VCC-1 Vieux Carré Commercial District is intended to provide for restricted retail stores and service establishments that will attract and service local residents and tourists, and that will not adversely affect the character of nearby residences or detract from the overall character of the Vieux Carré.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1. SQ 17 LOT 1 DECATUR AND 2. BARRACKS 30X73

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,347 175,248 390,984
Median Age: 39.78 36.41 36.45
Households: 12,959 76,741 163,858

Contact

Photograph of Listing Agent

Sydney Anderson

Sydney Anderson Realty, LLC New Orleans, LA 70118
Not a member of MCAR
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