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$ 1,500,000
Est. payment | /mo
1,187 SqFt
$ 1,500,000
Est. payment | /mo
1,187 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,187 sqft
Price per Sqft $1,263
MLS Listing ID 2464899
HOA Y/N No
Year Built 1838
Property Description
Seize this exceptional investment opportunity to own a prime, first-floor commercial condo ideally located at the corner of Royal and Dumaine Street in the vibrant, New Orleans French Quarter. Built in 1838, 900 Royal Street is known as one of the Princess of Monaco buildings and is one of the most photographed properties in the Quarter. Offering excellent street visibility to the bustling foot traffic of this area, this location is sure to attract both tourists and locals alike!
Spanning approximately 1,187 square feet, this condo features a gorgeous restaurant space, bar, and full kitchen as well as a charming and spacious rear courtyard with additional seating. Sale includes the existing lease in place with the current tenant paying $7,500/month, NNN (detailed expense breakdown available upon request)--annual income totaling at $90,000/year.
This property is a fantastic opportunity for any investor looking to find a high-income-producing commercial space in one of New Orleans' most sought-after locations. Don't miss your chance to own a prime piece of the French Quarter!
Spanning approximately 1,187 square feet, this condo features a gorgeous restaurant space, bar, and full kitchen as well as a charming and spacious rear courtyard with additional seating. Sale includes the existing lease in place with the current tenant paying $7,500/month, NNN (detailed expense breakdown available upon request)--annual income totaling at $90,000/year.
This property is a fantastic opportunity for any investor looking to find a high-income-producing commercial space in one of New Orleans' most sought-after locations. Don't miss your chance to own a prime piece of the French Quarter!
Location
State LA
County Orleans
Community Common Grounds/Area
Zoning VCC-1
Interior
Fireplace No
Exterior
Parking Features None
Community Features Common Grounds/Area
Water Access Desc Public
Building
Lot Description Corner Lot, City Lot
Dwelling Type Mixed Use
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Others
Tax ID 207101624
Security Features Fire Sprinkler System
Special Listing Condition None
Listed by FQR Realtors
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