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222-224 Chartres St 19,035 SF 24% Leased Retail Building New Orleans, LA 70130 $5,750,000 ($302.08/SF)
Investment Highlights
- Retail Space is Occupied Until 2028.
- Investment Opportunity for a Mixed Used Building in the Heart of New Orleans.
Executive Summary
This offering consists of two adjacent buildings: one condominium complex at 224 Chartres Street, where the owner still owns one retail condominium and four residential condominiums and 222 Chartres Street, which consists of one leased retail space, a rear two-story residential unit, and three floors of unimproved space with plans to build six residential units. The total square footage is 19,035 SF.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
19,035 SF
Building Class
C
Year Built
1890
Price
$5,750,000
Price Per SF
$302.08
Percent Leased
24%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.18
Lot Size
0.20 AC
Zoning
VCC-2 - Vieux Carre Commercial District
Frontage
60’ on Chartres St
Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $247,530 | |
| Land Assessment | $35,160 | Total Assessment | $282,690 |
Property Taxes
Parcel Numbers
Land Assessment
$35,160
Improvements Assessment
$247,530
Total Assessment
$282,690
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222-224 Chartres St
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