824 ROYAL ST Active

New Orleans,LA 70116

$ 3575000

0 Bed

0 Bath

8283 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,283 sqft

Price per Sqft $431

MLS Listing ID 2336962

Style Historic/Antique

Construction Status Repairs Cosmetic,Resale

HOA Y/N No

Year Built 1815

Property Description

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 Square & 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 ~$225,600/year across all units ($18,800/month).




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 offers one, 1st floor commercial space + 8 residential units total (studios, 1BR & 2BR units). 3-story front house includes commercial on 1st floor level. gorgeous & spacious 2BR/2BATH unit with balcony overlooking Royal on 2nd floor and another 2BR/2BATH unit on the 3rd floor. Back house includes two 1BR/1BATH units and four studio/1BATH units. Both houses surrouding a large, lush courtyard area with indoor and outdoor stair access to units. Carriage way entry area can easily be converted into parking for 3+ cars with curb cut out already in place.




First time on the market in over 70 years! Don’t miss your chance to own a piece of rare history in the New Orleans French Quarter.



Location

State LA

County Orleans

Community Common Grounds/Area

Zoning VCC-1

Interior

Fireplace No

Exterior

Garage Attached,Covered,Three or more Spaces

Community Features Common Grounds/Area

Water Access Desc Public

Parking Type Attached,Covered,Three or more Spaces

Building

Lot Description City Lot,Rectangular Lot

Dwelling Type Mixed Use

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Historic/Antique

Level or Stories Three Or More

Additional Building Living Quarters

New Construction No

Construction Status Repairs Cosmetic,Resale

Others

Tax ID 207101516

Special Listing Condition None

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