Catylist ID:
#30801581
Hotel Development Site For Sale - St Charles Ave
Hospitality
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30801581 |
| Property Subtypes: | Hotel, Other |
| Number of Units: | 1 Units |
| Building Size (RSF): | 13,184 SF |
| Gross Land Area: | 9,536 SF |
| Sale Price: | $2,700,000 |
| Unit Price: | $2,700,000 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/2/2024 |
Overview / Comments
|
Incredible redevelopment opportunity near Lafayette Square. This highly visible site is zoned for new hotel development and is ideally located on St. Charles Avenue in the Central Business District of New Orleans. The site offers 64 linear feet of frontage along prominent St. Charles Avenue directly on the streetcar line and Mardi Gras parade route. The property is near many of the city's most acclaimed restaurants, attractions, venues, museums, and retailers. Easy access is available along St. Charles Ave and Church St. - Amazing potential for redevelopment in the CBD - Zoned for new hotel development (CBD-5) - Previously approved for a 5-story, 96-room hotel - Easy access via St. Charles Ave and Church St - Directly on St. Charles Ave, streetcar line, and Mardi Gras parade route |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Uptown-Garden District |
| Tax ID/APN: | 41034011 |
| Zoning: | CBD-5 |
| Property Located Between: | St Charles Ave & Church St |
| Property Visibility: | Excellent |
| Largest Nearby Street: | St Charles Ave |
| Feet of Frontage: | 64 |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Zoning Description: | CBD-5: The CBD-5 Urban Core Neighborhood Lower Intensity Mixed-Use District is intended to provide for a downtown neighborhood environment through a mix of housing types and supporting residential services and commercial uses conveniently situated with respect to employment opportunities. The CBD-5 District is intended to accommodate a lower concentration of certain commercial uses than the CBD-6 District, and is particularly suited for the area around Lafayette Square and surrounding areas. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 19,450 | 198,506 | 406,620 |
| Median Age: | 37.01 | 35.7 | 37.01 |
| Households: | 10,117 | 85,928 | 170,189 |
Contact
| 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. |
