Exceptional New Orleans Marigny Triangle Development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30496969
Property Subtypes: Mixed Use
Building Size (RSF): 38,222 SF
Gross Land Area: 36,916 SF
Sale Price: $6,950,000
Unit Price: $181.83 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2020

Overview / Comments

This is an exceptional development opportunity in the New Orleans Marigny Triangle, with the opportunity to redevelop two adjacent and connected warehouses with a total of 35,857 SF of floor area (incl. 8,753 SF of 2nd floor space) at the corner of Elysian Fields Ave. and Chartres St., plus two additional properties fronting Chartres and Frenchmen Streets.  Please see property information package for additional details The property package also includes the popular Palace Art Market on Frenchmen Street.  NOTE: This is a smaller footprint than the package of properties in the previous sealed bid offering.

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Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Tax ID/APN: 41063406
Zoning: HMC-2, HMC-1
Property Located Between: Frenchmen and Elysian Fields
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,640 168,908 382,245
Median Age: 39.58 36.61 36.17
Households: 13,932 74,077 159,958
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.