LA
Orleans
New Orleans
70116
824 ROYAL Street
824 ROYAL Street, New Orleans, LA 70116
Listing Type
commercial/industrial
Listing Status
active
27
$3,575,000

Home Details for 824 ROYAL Street

Price
$3,575,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
8283
Year built
1815
County
Orleans
Garage
Days on site
850
MLS Listing#
2336962
Listing courtesy: FQR Realtors - (504) 949-5400
Property Description

Premium Commercial/Residential property centrally located on one of the best blocks of Royal Street in the French Quarter. New Orleans culture has never been more alive at any other property! Walking distance to St. Louis Cathedral, Jackson Square & the French Market--making this a high-demand area for all investors in search of a classic income producing property that stays steadily, fully occupied. Annual Rental Income ~$225,600/year across all units ($18,800/month). <br> <br> With excellent street visibility for the commercial space opening onto Royal Street, this property is sure to pique interest in the bustling foot traffic of this area of the Quarter. Current tenant of commercial space has been there for many years. Property offers one, 1st floor commercial space + 8 residential units total (studios, 1BR & 2BR units). 3-story front house includes commercial on 1st floor level. gorgeous & spacious 2BR/2BATH unit with balcony overlooking Royal on 2nd floor and another 2BR/2BATH unit on the 3rd floor. Back house includes two 1BR/1BATH units and four studio/1BATH units. Both houses surrouding a large, lush courtyard area with indoor and outdoor stair access to units. Carriage way entry area can easily be converted into parking for 3+ cars with curb cut out already in place. <br> <br> First time on the market in over 70 years! Don’t miss your chance to own a piece of rare history in the New Orleans French Quarter. <br> <br>

Property Features
  • Water Features
    • Public
Listings courtesy of the New Orleans Metropolitan AOR. IDX information is provided exclusively for consumers’ personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from New Orleans Metropolitan Association of Realtors Inc..
EXIT REALTY NOLA PREMIERE
2750 Lake Villa Dr. Ste. 205, Metairie, LA 70002
Office
504 298 3948
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