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    427 Gravier St New Orleans, LA 70130

    New
    Under Contract
    For Sale
    $2,500,000

    Commercial - New Orleans, LA

    Property size:
    6,428 SF
    Lot size:
    0.06 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 4 at 11:06 pm

    Property Features for 427 Gravier St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Cbd-2
    Size
    6,428 SF
    Lot size
    0.06 Acres

    Building Details

    Floors in Building
    3
    Building materials
    Concrete
    Architectural style
    Other

    Rêve | Realtors (504) 300-0700 [email protected]

    Listing agent Logan Macrae (504) 300-0700

    Listing date Dec 4, 2025

    MLS# 2523258 Listing URL

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Permitted Hotel Property Near French Quarter

    This permitted hotel property presents an excellent investment opportunity. Renovated in 2019 with high-end finishes, the building contains six 2-bedroom, 2-bath units, each equipped with modern kitchens and laundry facilities. The property is located steps away from the French Quarter, Caesar's Hotel & Casino, and all the attractions of downtown and the Central Business District. The lot size is 0.0597 acres and the property size is 6428 square feet. The zoning is Cbd-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Weigand & Levenson Attorney Levenson Leonard L Attorney Gravier 301/302 · Lagniappe ... Hotel Gravier 101/102 · Spacious ... Hotel Gravier Combo · Vieux ... Hotel

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0671453
    Latitude
    29.9503881

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    FAQs

    What type of property is this?
    Hotel - Turnkey hotel property near French Quarter and CBD.
    Where is this hotel located?
    The property is located at 427 Gravier St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location: Steps from the French Quarter, Caesar's Hotel & Casino, and the Central Business District.; - Permitted hotel property: Turnkey operation ready for immediate use.; - Six 2-bedroom, 2-bath units: Offers substantial rental income potential.
    (504) 300-0700
    Request Owner's contact information
    427 Gravier St New Orleans, LA 70130
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    New Orleans, LA 70130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    427 Gravier St New Orleans, LA 70130
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