234 Loyola Ave New Orleans, LA 70112-2026

This exceptional 9-story, mixed-use property at 234 Loyola Avenue in New Orleans, Louisiana, presents a rare investment opportunity. The 123,266 square foot building sits on a 13,885 square foot lot and boasts 69 keys spread across 69 apartment units. Currently configured as a multifamily building with commercial/office space on the lower three floors, this property offers significant upside potential. Its prime location in the heart of the Central Business District (CBD) places it within easy walking distance of major tourist attractions, including the French Quarter, the Convention Center, the Superdome/Smoothie King Center, and Caesar's Palace Casino. The building has been completely restored, maintaining its historic charm while offering modern amenities. The property's zoning allows for a variety of repositioning strategies, making it ideally suited for conversion into a hotel or short-term rental (STR) property, or maintaining its current multifamily use. This value-add investment is priced significantly below replacement cost, presenting a compelling return on investment. Detailed financial information is available in the full deal room. The property's unique blend of history, location, and potential makes it a truly exceptional opportunity in the vibrant New Orleans market. This is a one-of-a-kind chance to acquire a significant asset in a rapidly growing area.