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Property profile & analytics
FOR SALE
Investment properties

211 Decatur St New Orleans, LA 70130

11,760 SF 0.07 ac lot Built 1850
Entity Owned 3-yr Hold Free & Clear
Property ID
US36-0229843
Property summary
AI-generated overview

This exceptional French Quarter development opportunity, located at 211 Decatur Street in New Orleans, Louisiana, presents a unique chance to acquire a piece of New Orleans history. The property, a vacant, four-story building totaling approximately 10,287 square feet, sits on a 0.07-acre lot (approximately 2,910 square feet) and is zoned VCE-1 (Vieux Carré Entertainment District). This zoning allows for a wide range of uses, including live performance venues, making it an incredibly versatile investment. The building, eligible for historic tax credits, features an elevator shaft and offers significant potential for redevelopment. The asking price is $2,350,000, translating to approximately $228.44 per square foot. The property is being sold "as is, where is," subject to a Waiver of Warranty of Condition and Waiver of Redhibition. All measurements are approximate and should be independently verified by the purchaser. Potential buyers are responsible for verifying tax credits, zoning, overlays, and intended use. The sellers make no representations or warranties regarding the property's condition. This is a zero-lot-line property. This is a multi-tenant retail and multifamily property, previously used as a restaurant and storefront. The property's location at the gateway to the French Quarter, next to the House of Blues, ensures high visibility and foot traffic.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1850
Total area 11,760 SF
Lot 0.07 ac (2,910 SF)
APN 206101803
UPID US36-0229843
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Zydeco Blues (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.27M
Owner & transaction history
Mako LLC · 3 yrs held
Mako LLC
since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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