425 DECATUR ST, New Orleans, LA 70130
425 DECATUR ST, New Orleans, LA 70130
425 DECATUR ST, New Orleans, LA 70130
425 DECATUR ST, New Orleans, LA 70130
425 DECATUR ST, New Orleans, LA 70130
425 DECATUR ST, New Orleans, LA 70130
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$ 4,950,000
Est. payment | /mo

19,946 SqFt


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$ 4,950,000
Est. payment | /mo
Save

19,946 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 19,946 sqft

Price per Sqft $248

MLS Listing ID 2578666

HOA Y/N No

Year Built 1850

Lot Size 7,274 Sqft

Acres 0.167

Property Description



PREMIER RETAIL and DEVELOPMENT OPPORTUNITY in one the busiest, most high-demand parts of the beautiful New Orleans FRENCH QUARTER. At almost 20,000 square feet, this HISTORIC 3-story building dates from roughly 1850 and brings in over $20K/month in rental income from the 2x retail tenants (describe as 1 or 2 tenants?) on the 1st floor with potential for much, MUCH more.



The 2nd and 3rd floors are in a shell state and ready to be built out into HIGH-END office and/or multifamily spaces. Ownership is in the process of having architectural plans for LUXURY CONDOS approved by the HDLC and will share with buyer under appropriate circumstances. Both upper stories have VERY HIGH CEILINGS, making a comfortable buildout suitable, even with room for as yet to be installed HVAC and plumbing systems.



Tujague's and the New Orleans Jazz National Historical Park Visitors Center make for excellent neighbors. VCC-2 zoning. Flood zone x.

Location

State LA

County Orleans

Zoning VCC-2

Interior

Fireplace No

Exterior

Parking Features None

Water Access Desc Public

Building

Lot Description City Lot, Rectangular Lot

Dwelling Type Mixed Use,Other,Retail

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Others

Tax ID 206101608

Acceptable Financing Bond For Deed, Lease Purchase, Owner May Carry

Listing Terms Bond For Deed, Lease Purchase, Owner May Carry

Special Listing Condition None

Schools and Properties Nearby

Zachary Breaux

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425 DECATUR ST