Freestanding Irish Channel Commercial Building

Office for Sale
Catylist Listing ID: 30120626
Property Subtypes: Office Building
Building Size (RSF): 5,000 SF
Gross Land Area: 3,800 SF
Sale Price: $1,000,000
Unit Price: $200 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Usable Size (USF): 5,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2017

Overview / Comments

Renovation Opportunity in vibrant Irish Channel, half block to shops & restaurants on Magazine, easy access to St. Charles & streetcar line to Downtown & Uptown. Unique property zoned HU-B1 with lots of potential including short term rentals.

3 stories with 6 bed/4 full & 2 half bath; full kitchen on 1st floor, wet bar on 2nd floor; kitchenette on 3rd floor. Large rooms, 11’ ceilings, wood floors, exposed brick details. 2nd floor balcony overlooks inner courtyard. Off-street parking for multiple cars.

Flood zone X = low annual premium.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Zoning: HU-B1
Property Located Between: Magazine & Constance
Property Visibility: Good
Area Description: The Irish Channel is so named because it was settled by a wave of Irish immigrants who arrived in New Orleans in the mid 19th century. At that time, it was a new working class neighborhood. The immigrants were part of the peasant population that came to the New World to escape the devastating famine in Ireland. There were also a number of German immigrants who made the Irish Channel their home, along with a smattering of other European immigrants such as Italians, as well as some Free People of Color and Native Americans. Lots of immigrants literally got off the boat and remained in the neighborhood where they landed. And many found jobs on the docks of that same waterfront. There were many musicians from this neighborhood including all of the Original Dixieland Jazz Band. The immigrants, especially the Irish, became the laborers of the city, digging the canals, building, and working on the riverfront. The Irish Channel areas was originally part of the City Of Lafayette (incorporated 1833) which became part of New Orleans in 1852. Most all of the immigrant families and descendants - Irish and otherwise - have moved out of the neighborhood which declined after War World II. Nevertheless, the old ethnic working class neighborhood has kept up its traditions far beyond many other neighborhoods of the city. Many former residents and their descendents come back for the big traditional St. Patrick events every year, as do many New Orleanians with no connection to the Irish Channel or Ireland. Today, the Irish Channel is one of the hottest markets in New Orleans. With a vibrant community, numerous area amenities and a beautiful historic building stock, that trend is sure to continue.
Total Number of Buildings: 1
Number of Stories: 3
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Driveway w/rear enclosed courtyard.
Total Parking Spaces: 3
Sprinklers: None
Heat Source: Central
Lot Frontage: 38
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Square 134, Lot B

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,562 191,015 405,436
Median Age: 36.09 36.16 36.77
Households: 13,097 81,230 166,797

Contact

Photograph of Listing Agent

Jonathan D Shaver

RE/MAX Commercial Brokers Inc Metairie, LA 70002
© Copyright Louisiana Commercial Database, LLC. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.