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Listed byBridgewater Realty Advisors • Bryce A Danna-Marullo • 504-901-0463
$6,765,000
Est. payment /mo
25,050 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 25,050 sqft
Price per Sqft $270
MLS Listing ID 2542890
HOA Y/N No
Year Built 1850
Lot Dimensions VAR
Property Sub-Type Commercial
Source ROAM MLS
Land Area 25050
Property Description
Actual gross monthly rent of $44,550/month. 20 of 22 units leased, reach out to agent for rent roll and financials. Seller financing available. This (6) building, 22-unit portfolio offers a rare, generational opportunity to acquire a strategically located mix of commercial, multifamily, and residential assets in the heart of the French Quarter—one of the most supply-constrained and historically stable submarkets in the region. The portfolio includes a majority of residential apartments complemented by ground floor commercial spaces, with several properties on the National Historic Registry. Seller financing available 20% down, 30 yr AM, interest rate negotiable. The properties showcase extensive recent capital improvements while preserving their historic charm. 525 Conti features brand-new roof, 1524 St. Mary St has new gutters, 307 Exchange has a new elevator, and 522-24 Burgundy St includes an award-winning renovation. Additional highlights include new renovations for most units and the courtyard interior at 307 Exchange —where Edgar Degas painted and where a commemorative plaque remains on the exterior.All assets occupy prime locations within historically protected districts that benefit from year-round foot traffic and limited new construction. These properties have consistently attracted successful commercial tenants and long-term residential tenants, ensuring stable occupancy and proven demand. Historic architecture combined with modernized systems and recent renovations supports ongoing operational viability and long-term appreciation making this portfolio a once in a lifetime opportunity.
Location
State LA
County Orleans
Zoning VCC-2
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available
Garage No
Building
Lot Description Other
Water Public
New Construction No
Others
Tax ID MULT
Virtual Tour https://www.propertypanorama.com/instaview/roam/2524309
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Celeste Marshall
Rêve | Realtor License ID: 0995686000
Rêve | Realtor License ID: 0995686000
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