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Garden District Hotel Redevelopment 5 Properties Offered at $3,200,000 in New Orleans, LA
INVESTMENT HIGHLIGHTS
- Great Investment Opportunity!
EXECUTIVE SUMMARY
Available for sale, 1608 St. Charles, et al, represents a truly one of a kind acquisition opportunity in the thriving Lower Garden District commercial corridor. With prominent frontage on historic St. Charles Avenue and the streetcar line, as well as strong visibility along Prytania Street, the property is ideally positioned for a transformative mixed-use or hospitality-driven project. Preliminary zoning analysis and conceptual plans support a boutique hotel with a bar, restaurant, outdoor pool/lounge area, and on-site parking.
All buildings are currently vacant or occupied on a MTM basis, allowing near-term redevelopment flexibility or the opportunity for a covered land play. The offering includes:
– 1608 St. Charles: Two commercial units and nine residential units
– 1607 Prytania: Dry cleaning drop-off/warehouse with second floor
– Additional parcels: Vacant land (current parking income via lease)
Ownership is considering a sale for the entire package, or the St. Charles Frontage with Terpsichore lots (listed separately at $2,300,000.00) or the Prytania Building with the associated Prytania lot (listed separately at $995,000.00).
All buildings are currently vacant or occupied on a MTM basis, allowing near-term redevelopment flexibility or the opportunity for a covered land play. The offering includes:
– 1608 St. Charles: Two commercial units and nine residential units
– 1607 Prytania: Dry cleaning drop-off/warehouse with second floor
– Additional parcels: Vacant land (current parking income via lease)
Ownership is considering a sale for the entire package, or the St. Charles Frontage with Terpsichore lots (listed separately at $2,300,000.00) or the Prytania Building with the associated Prytania lot (listed separately at $995,000.00).
PROPERTY FACTS
| Price | $3,200,000 | Number of Properties | 5 |
| Price / SF | $266.67 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 12,000 SF |
| Status | Active | Total Land Area | 0.72 AC |
| Price | $3,200,000 |
| Price / SF | $266.67 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 12,000 SF |
| Total Land Area | 0.72 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1518 Terpsichore st, New Orleans, LA 70130 | Land | 0.23 AC | - | - |
| 1532 Terpsichore st, New Orleans, LA 70130 | Land | 0.18 AC | - | - |
| 1603 Prytania st, New Orleans, LA 70130 | Land | 0.13 AC | - | - |
| 1608-1610 Saint Charles Ave, New Orleans, LA 70130 | Multifamily | 7,000 SF | 1918 | - |
| 1607 Prytania St, New Orleans, LA 70130 | Retail | 5,000 SF | 1930 | - |
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Garden District Hotel Redevelopment
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