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502 Frenchmen St
New Orleans, LA 70116
Frenchmen Street Boutique Hotel · Hospitality Property For Sale
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34 Rooms
Investment Highlights
- Redevelopment of a Boutique Hotel Opportunity
Executive Summary
Located in the heart of the Marigny District on bustling Frenchmen Street, 502 Frenchmen offers a rare chance to redevelop a historic building in one of New Orleans’ most vibrant neighborhoods and world famous night life. This iconic property, with its classic New Orleans architecture, high ceilings, and ornate façade, is ideal for adaptive reuse with ground floor bar / restaurant and jazz club with the upper floors permitted for a 34 room boutique hotel. Positioned on the most popular stretch of Frenchmen Street, known for its live music venues, art galleries, and nightlife, the property benefits from high foot traffic and close proximity to the French Quarter.
With approximately 26,598 square feet of space, this three-story building offers immense potential for investors. It may also qualify for state and federal historic tax credits, providing significant financial incentives for restoration. Frenchmen Street’s unique cultural energy and growing market make this property a prime opportunity for developers to create a lasting presence in New Orleans’ thriving real estate landscape.s
With approximately 26,598 square feet of space, this three-story building offers immense potential for investors. It may also qualify for state and federal historic tax credits, providing significant financial incentives for restoration. Frenchmen Street’s unique cultural energy and growing market make this property a prime opportunity for developers to create a lasting presence in New Orleans’ thriving real estate landscape.s
Property Facts
| Price Per Room | $271,400 CAD | Construction Status | Final Planning |
| Sale Type | Investment | Building Size | 26,958 SF |
| Property Type | Hospitality | No. Rooms | 34 |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | B | Year Built | 2027 |
| Lot Size | 0.27 AC | Corridor | Interior |
| Zoning | HMC-2 | ||
| Price Per Room | $271,400 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.27 AC |
| Construction Status | Final Planning |
| Building Size | 26,958 SF |
| No. Rooms | 34 |
| No. Stories | 3 |
| Year Built | 2027 |
| Corridor | Interior |
| Zoning | HMC-2 |
Amenities
- High Speed Internet Access
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 34 | $318.52 CAD | - |
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