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General Commercial Bldg & Prime Parking Lot 517 Conti St 10,978 SF 100% Leased Retail Building New Orleans, LA 70130 $7,663,601 CAD ($698.09 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Parking Lot & General Commercial Building in the French Quarter
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,978 SF
Building Class
C
Year Built
1900
Price
$7,663,601 CAD
Price Per SF
$698.09 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.66
Lot Size
0.09 AC
Zoning
VCC-2 - Vieux Carre Commercial District
Parking
1 Spaces (0.09 Spaces per 1,000 SF Leased)
Frontage
25’ on Decatur St
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (83)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2-06-1-016-06 | Improvements Assessment | $181,832 CAD |
| Land Assessment | $40,808 CAD | Total Assessment | $222,641 CAD |
PROPERTY TAXES
Parcel Number
2-06-1-016-06
Land Assessment
$40,808 CAD
Improvements Assessment
$181,832 CAD
Total Assessment
$222,641 CAD
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General Commercial Bldg & Prime Parking Lot | 517 Conti St
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