229 Royal St New Orleans, LA 70130-2226

This exceptional French Quarter investment presents a unique redevelopment opportunity. Located at 229 Royal Street, this four-story, 12,658 square foot building offers a blank canvas for a discerning developer or end-user. Currently gutted to shell condition, the property is ready for immediate customization. Its prime location in the highly sought-after 200 block of Royal Street, directly across from the Hotel Monteleone, ensures high visibility and accessibility. The building, constructed in 1856, sits on a 0.08-acre lot and is zoned VCC-2. A small, secluded courtyard at the rear of the building adds to its appeal. The asking price is $2,650,000, translating to $209.35 per square foot. Given its historic nature, the property may qualify for state and federal historic renovation tax credits, presenting significant financial advantages for the right project. This is a rare chance to acquire a substantial property in one of New Orleans' most iconic and desirable locations, ripe for transformation into a thriving commercial or mixed-use space. The multi-tenant potential allows for diverse income streams. The property's existing structure provides a solid foundation for a variety of development plans. This is a truly exceptional opportunity to create a landmark property in the heart of the French Quarter.