1608 ST CHARLES Avenue, New Orleans, LA 70130 (MLS# NO2508679)

Remarks & Misc

Remarks

Available for sale, 1608 St. Charles, et al, represents a truly one of a kind acquisition opportunity in the thriving Lower Garden District commercial corridor. With prominent frontage on historic St. Charles Avenue and the streetcar line, as well as strong visibility along Prytania Street, the property is ideally positioned for a transformative mixed-use or hospitality-driven project. Preliminary zoning analysis and conceptual plans support a boutique hotel with a bar, restaurant, outdoor pool/lounge area, and on-site parking. All buildings are currently vacant or occupied on a MTM basis, allowing near-term redevelopment flexibility or the opportunity for a covered land play. The offering includes: - 1608 St. Charles: Two commercial units and nine residential units - 1607 Prytania: Dry cleaning drop-off/warehouse with second floor - Additional parcels: Vacant land (current parking income via lease) Ownership is considering a sale for the entire package, or the St. Charles Frontage with Terpsichore lots (listed separately at $2,300,000.00) or the Prytania Building with the associated Prytania lot (listed separately at $995,000.00).

Office/Member/Contract Info

List AOR

NOMAR

Property Type

Hotel/Motel

Yes

Retail

Yes

Parking

Parking Lot

Yes

Construction

Other

Yes

Landlord Pays

Building Insurance

Yes

Janitorial

Yes

Property Taxes

Yes

Property Features