820-824 Union St
New Orleans, LA 70112
Retail Property For Sale

CBD Historic Tax Credit Rehabilitation Opportunity This offering presents an incredible opportunity for a developer to complete a historic tax credit conversion in the Central Business District. The subject property is a 3 story masonry office building with interior timber beams and a poured concrete slab. The Carondelet (river) side of the structure is approximately 30' deeper than the Baronne (lake) side, creating an enclosed approximately 638sf rear patio. State and Federal Parts 1 & 2 have been completed for the property, utilizing a full set of architectural plans by Manning Architects to convert the property into two ground floor retail spaces totaling approximately 3,148sf and eight upstairs apartments. The apartment unit mix includes six (6) one bedroom apartments and two (2) two bedroom apartments. Full mechanical, electrical and plumbing plans have been completed as well. These documents shall all convey as part of the purchase price. The building is mostly gutted and ready for redevelopment. The property's location is ideally suited for a mixed use conversion. It is surrounded on all sides by similar residential, retail and hospitality redevelopment.