Mixed-Use Hospitality Development
1610 SAINT CHARLES Avenue New Orleans, LA 70130
For Sale
$2,300,000
Prominent St. Charles Avenue frontage with conceptual boutique hotel uses, including bar, restaurant, outdoor pool/lounge, and on-site parking.
Property Size6,460 SF
Price / SF$356.04
Days on Market462
Property Features for 1610 SAINT CHARLES Avenue
General Information
- Standard status
- Active
- Size
- 6,460 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing Agency:
Ben & Burka
(504) 301-1002
Listed By:
Aaron Kazanoff · License #0995700882
Source:
Xome
Added: Apr 18, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ben & Burka
Investment Insights
Based on property information with market context.
This offering presents a mixed-use and hospitality development site with prominent frontage along St. Charles Avenue and visibility along Prytania Street. Preliminary zoning analysis and conceptual plans support a boutique hotel concept that includes a bar, restaurant, outdoor pool/lounge area, and on-site parking. All buildings tied to this portion of the portfolio are currently vacant or occupied on a month-to-month basis, providing redevelopment flexibility.
The property is described as part of a broader package available for sale separately. Ownership is considering a sale of the entire portfolio (listed separately), while this specific listing is for only a portion identified as the St. Charles Frontage with Terpsichore lots. Additional listings are referenced for other components, including the Prytania Building with its associated Prytania lot.
For buyers seeking a hospitality-led redevelopment, this combination of frontage, conceptual program elements, and near-term operating optionality may fit a range of redevelopment approaches.
The property is described as part of a broader package available for sale separately. Ownership is considering a sale of the entire portfolio (listed separately), while this specific listing is for only a portion identified as the St. Charles Frontage with Terpsichore lots. Additional listings are referenced for other components, including the Prytania Building with its associated Prytania lot.
For buyers seeking a hospitality-led redevelopment, this combination of frontage, conceptual program elements, and near-term operating optionality may fit a range of redevelopment approaches.
Key Highlights
- MU‑1 zoning and off‑street parking on a lot with oversized, irregular topography
- Frontage on St. Charles Avenue and the streetcar line, with frontage described as including the Prytania Street side
- Conceptual plans support a boutique hotel with a bar and restaurant, plus an outdoor pool/lounge area
Financial Insights For Specialty Retail
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 | $124.0k | $19.20 |
| − Vacancy | −$2.5k | −$0.38 |
| EGI | $121.6k | $18.82 |
| − OpEx | −$30.4k | −$4.70 |
| NOI | $91.2k | $14.11 |
6,460 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,164 @ 7.0% cap · market cap 3.96%
Second Best
Mixed Use
$1.25M
$1.09M – $1.45M
NOI $87,210 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,934 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hotels
FAQs
What type of property is this?
Hotel - Prominent St. Charles Avenue frontage with conceptual boutique hotel uses, including bar, restaurant, outdoor pool/lounge, and on-site parking.
Where is this hotel located?
The property is located at 1610 SAINT CHARLES Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: MU‑1 zoning and off‑street parking on a lot with oversized, irregular topography; Frontage on St. Charles Avenue and the streetcar line, with frontage described as including the Prytania Street side; Conceptual plans support a boutique hotel with a bar and restaurant, plus an outdoor pool/lounge area
