824 ROYAL ST Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70116
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,283 sqft
Price per Sqft $431
MLS Listing ID 2336962
Style Historic/Antique
Construction Status Repairs Cosmetic,Resale
HOA Y/N No
Year Built 1815
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).
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.
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.
Location
State LA
County Orleans
Community Common Grounds/Area
Zoning VCC-1
Interior
Fireplace No
Exterior
Parking Features Attached,Covered,Three or more Spaces
Community Features Common Grounds/Area
Water Access Desc Public
Building
Lot Description City Lot,Rectangular Lot
Dwelling Type Mixed Use
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Historic/Antique
Level or Stories Three Or More
Additional Building Living Quarters
New Construction No
Construction Status Repairs Cosmetic,Resale
Others
Tax ID 207101516
Special Listing Condition None