Premium Commercial/Residential property centrally located on one of the best blocks of Royal Street in the French Quarter! New Orleans culture has never been more alive at any other property! Walking distance to St. Louis Cathedral, Jackson Sq. & the French Market--making this a high-demand area for all investors in search of a classic income producing property that stays steadily, fully occupied. Annual Rental Income= $198,900.00/yr. across all units.
With excellent street visibility for the commercial space opening onto Royal Street, this property is sure to pique interest in the bustling foot traffic of this area of the Quarter. Current tenant of commercial space has been there for many years. Property includes 1st floor commercial space + 8 residential units total. Front house includes 3 stories: commercial on 1st floor, gorgeous large 2BR/2BATH unit with balcony overlooking Royal on 2nd floor and another 2BR/2BATH unit on 3rd. Back house includes two 1BR/1BATH units and four studio/1BATH units. Carriage way entry into lush courtyard area can be easily converted into parking for 3+ cars.
First time on the market in 70 years! Don’t miss your chance to own a piece of history in the French Quarter.
|List price||$3,575,000 |
|Total area||0 Sq Ft|
|Square Feet||8283 Sq Ft|
|Open house details|