Rare French Quarter Redevelopment For Sale - REDUCTION
Retail-Commercial
for Sale
| Catylist Listing ID: |
30506684 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
53,736 SF
|
| Sale Price: |
$10,700,000 |
| Unit Price: |
$199.12 PSF |
| Ceiling: |
13 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/30/2023 |
Overview / Comments
Tremendous redevelopment opportunity in the most sought after area of the French Quarter. 1/2 a block from the famed Jax Brewery and 1 block from Jackson Square, the Haspel Building (517 Toulouse St) was the former home to the Haspel Suit Company, inventor of the Seersucker Suit. More recently, Ralph and Kacoos's operated on the ground floor. The property boasts exposed brick, wood beams, high ceilings, and plenty of natural sunlight. Also included in the offering is 515 Toulouse and 516 Wilkinson - the adjacent four (4) story red brick building. Access is available from both Toulouse and Wilkinson Streets for both properties.
Please see the attached flyer for additional details.
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Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
French Quarter |
| Tax ID/APN: |
41022335 |
| Zoning: |
VCC-2 |
| Retail Clientele: |
Family, Traveler, Tourist, Recreation, Convention, Casino |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Decatur |
| Property Condition: |
Good |
| Parking Description: |
Parking available in the surface lot across Toulouse Street. |
| Sprinklers: |
Wet |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,697 |
182,537 |
394,181 |
| Median Age: |
41.19 |
36.12 |
36.82 |
| Households: |
11,170 |
80,596 |
165,279 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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