517 Conti St - Storefront Retail/Residential FOR SALE


New Orleans, LA 70130- French Quarter
$5,490,000 USD
504-236-3891
517 Conti St, New Orleans, LA for Sale
$5,490,000 USD
Storefront Retail/Residential - FOR SALE
1/23
null | Request Cap Rate

517 Conti St
New Orleans, LA 70130
French Quarter


HIGHLIGHTS

  • Prime Parking Lot & General Commercial Building in the French Quarter

OVERVIEW

This property is available for purchase either as an owner-occupied opportunity or as an income-producing investment in the heart of the French Quarter of New Orleans. This is a great opportunity to acquire a commercial building with a prime parking lot. The property consists of a three-story, general commercial building situated at 413-415 Decatur Street and an adjacent surface parking lot with 32 spaces located at 517-519 Conti Street. The building is currently leased to a single-tenant that primarily utilizes the retail space on the first floor with the unfinished space on the second and third floors for storage. Each floor is accessible via interior stairwells. (The building property’s site area is 4,134 square feet; it is rectangular in shape.) The Conti surface parking lot is currently leased. The access is via Conti Street and it is adjacent to the rear of the commercial building. The property is zoned VCC-2, Vieux Carre Commercial District, in the City of New Orleans. Note these properties will not be split; it is one offering as a stock sale (not a typical asset purchase). *Contact the Listing Agents for additional lease information.

FOR SALE DETAILS

PRICE

$5,490,000 USD

PRICE/SF

$904 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

General Commercial Bldg & Prime Parking Lot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,134 SF

ZONING

VCC-2

APN/PARCEL ID

2-06-1-016-06

ASK ABOUT THIS PROPERTY

504-236-3891

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504-236-3891

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