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641 S Salcedo St
New Orleans, LA 70119
641 S Salcedo St · Specialty Property For Sale
·
1,005 SF
Investment Highlights
- Commercially zoned property currently operating as a short-term rental with a documented income history.
- Located in high-demand Mid-City New Orleans with proximity to the medical corridor, downtown, and major attractions.
- Recent upgrades include a new roof and HVAC system completed approximately five years ago, reducing near-term capital expenses.
- Convenient off-street parking enhances guest experience and usability for future ownership.
Executive Summary
Commercial Zoned Property with Established Short Term Rental Use | Mid-City New Orleans 641 S Salcedo presents a unique opportunity to acquire a commercially zoned property currently operating as a short term rental with documented income history and professional management in place.
This 3 bedroom, 1 bath property has been updated with major improvements completed approximately five years ago, including roof and HVAC, allowing for continued operation without immediate capital expense. The property also features energy-efficient windows and off-street parking, both valuable for guest experience and long-term ownership.
The current use and zoning create a strong position for a buyer seeking a property that is already functioning within the short term rental space. There may be an opportunity for a buyer to continue operations within an existing structure, subject to their own due diligence and city requirements.
This offering is well suited for an investor, part-time owner, or buyer seeking a flexible-use property in a high-demand location with proximity to the medical corridor, downtown, and major New Orleans attractions.
Financial history and management details available upon request.
This 3 bedroom, 1 bath property has been updated with major improvements completed approximately five years ago, including roof and HVAC, allowing for continued operation without immediate capital expense. The property also features energy-efficient windows and off-street parking, both valuable for guest experience and long-term ownership.
The current use and zoning create a strong position for a buyer seeking a property that is already functioning within the short term rental space. There may be an opportunity for a buyer to continue operations within an existing structure, subject to their own due diligence and city requirements.
This offering is well suited for an investor, part-time owner, or buyer seeking a flexible-use property in a high-demand location with proximity to the medical corridor, downtown, and major New Orleans attractions.
Financial history and management details available upon request.
Property Facts
| Sale Type | Investment or Owner User | Building Size | 1,005 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Residential Income | Year Built/Renovated | 1943/2021 |
| Building Class | C | Parking Ratio | 2.99/1,000 SF |
| Lot Size | 0.04 AC | Opportunity Zone |
Yes
|
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 1,005 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1943/2021 |
| Parking Ratio | 2.99/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Signage
Property Taxes
| Parcel Number | 1-05-2-048-26 | Improvements Assessment | $25,873 CAD |
| Land Assessment | $2,224 CAD | Total Assessment | $28,097 CAD |
Property Taxes
Parcel Number
1-05-2-048-26
Land Assessment
$2,224 CAD
Improvements Assessment
$25,873 CAD
Total Assessment
$28,097 CAD
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