221 Royal St - Storefront Retail/Residential FOR SALE


New Orleans, LA 70130
$5,650,000 USD
504-237-1266
221 Royal St, New Orleans, LA for Sale
$5,650,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | Request Cap Rate

221 Royal St
New Orleans, LA 70130


HIGHLIGHTS

  • Great Investment Opportunity!

OVERVIEW

THIS HISTORIC PROPERTY IS LOCATED IN A VIBRANT AREA OF THE FRENCH QUARTER, ACROSS THE STREET FROM THE HOTEL MONTELEONE. STATE AND FEDERAL HISTORIC TAX CREDITS AVAILABLE. VCC-2 ZONING - ALLOWS MULTIPLE USES INCLUDING RESTAURANT, RETAIL, AND CONDOS. THE BUILDING HAS AN ELEVATOR AND IS FULLY SPRINKLERED AND AIR CONDITIONED, WITH FIRE-RATED STAIRS THAT EXIT TO THE FRONT.

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,842 SF

ZONING

VCC2

APN/PARCEL ID

2-06-1-029-04

ASK ABOUT THIS PROPERTY

Robert TalbotTalbot Realty GroupMore Info
504-237-1266

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Robert TalbotTalbot Realty GroupMore Info
504-237-1266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.