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: 11/14/2023

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.

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

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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.