631 Toulouse St New Orleans, LA 70130

This exceptional mixed-use investment property, located at 631 Toulouse Street in the heart of New Orleans' French Quarter, presents a rare opportunity for discerning investors. The property boasts a prime location near the intersection of Toulouse and Royal Streets, offering high visibility and foot traffic. The 5,655 square foot building, constructed in 1834, comprises two structures: a three-story building facing Toulouse Street and a three-story building at the rear. The front building features approximately 1,250.5 square feet of ground-level commercial/retail space, recently leased, along with two upper-floor apartments, each approximately 1,436.7 to 1,442.3 square feet. The rear building contains three apartments, each approximately 508.5 square feet. In total, the property consists of one commercial unit and five apartments, currently operating at 83% occupancy. The property sits on a 3,354 square foot lot and is zoned VCC-2 (Vieux Carre Commercial District). The brick and masonry construction showcases the building's rich history. All measurements are approximate and should be independently verified. The asking price is $2,750,000, representing a price per unit of $486.30. This is a unique chance to acquire a significant piece of New Orleans history with strong income potential. Potential buyers are responsible for verifying zoning, overlays, and intended use.