Licensed Hotel with Courtyard
124 S LOPEZ Street New Orleans, LA 70119
For Sale
$5,000,000
COMMERCIAL - New Orleans, LA
Property Size29,238 SF
Price / SF$171.01
Days on Market532
Property Features for 124 S LOPEZ Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Standard status
Active
APN
112-124-128-130-136-140-SLOPEZST
Size
29,238 SF
Utilities
Water source
Public
Building Details
Year built
1920
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Nathalie Dubois · License #995703042
(504) 799-1702
Added: Feb 10, 2025
Changed: Jul 20
Last Checked: Jul 27 at 6:06PM
MLS# 2486486
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turn-key and fully operated hostel-style hotel with active hotel business license and food and beverage license. The property is described as having 27 keys, including 27 private rooms with private full baths and additional room/dormitory accommodations described as 32 private rooms and 32 bed dormitories with shared bathrooms.
The asset is arranged across six front buildings and two back buildings, with a large courtyard, above-ground pool, music stage, and on-site parking. It is described as being located about a half block from the streetcar line on Canal Street. The listing notes a zoning designation of C that supports a mix of uses, including residential and/or hotel, along with retail and restaurant possibilities.
The property is offered for sale with specific street-address locations noted at 112, 124, 126-28, 130-32, 136-34, and 140-42 South Lopez Street, New Orleans, LA 70119.
The asset is arranged across six front buildings and two back buildings, with a large courtyard, above-ground pool, music stage, and on-site parking. It is described as being located about a half block from the streetcar line on Canal Street. The listing notes a zoning designation of C that supports a mix of uses, including residential and/or hotel, along with retail and restaurant possibilities.
The property is offered for sale with specific street-address locations noted at 112, 124, 126-28, 130-32, 136-34, and 140-42 South Lopez Street, New Orleans, LA 70119.
Key Highlights
- Turn‑key, fully operational licensed hotel with 27 private rooms with full baths and 32‑bed dormitories.
- Prime location half a block from the Canal Street streetcar line.
- Multiple licenses including Hotel and Food & Beverage.
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $526.3k | $18.00 |
| − Vacancy | −$184.2k | −$6.30 |
| EGI | $342.1k | $11.70 |
| − OpEx | −$179.6k | −$6.14 |
| NOI | $162.5k | $5.56 |
29,238 SF · lease $18.00/SF/yr · vacancy 35.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.32M
$2.03M – $2.71M
NOI $162,490 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.65M
$6.69M – $8.93M
NOI $535,547 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Hotel - Turn-key, fully licensed hotel/hostel with private rooms, dormitory beds, and a courtyard with an above-ground pool.
Where is this hotel located?
The property is located at 124 S LOPEZ Street New Orleans, LA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Turn‑key, fully operational licensed hotel with 27 private rooms with full baths and 32‑bed dormitories.; Prime location half a block from the Canal Street streetcar line.; Multiple licenses including Hotel and Food & Beverage.
