235 Chartres St New Orleans, LA 70130-2214
This exceptional three-story, 3,167 square foot storefront at 235 Chartres Street in New Orleans' vibrant French Quarter presents a unique investment opportunity. Built in 1850 and extensively renovated in 2020, this property boasts a prime location with high visibility and substantial foot traffic from both tourists and locals. The ground floor offers a thriving retail space, currently operating at 100% occupancy. The second and third floors comprise attractive apartments, each featuring a private balcony overlooking Chartres Street. The second floor offers potential for additional retail use, enhancing the property's flexibility. The third-floor apartment includes a private bedroom and washer/dryer hookups. All three floors include full bathrooms. The property sits on a 1,060 square foot lot and is zoned VCC-2. With its blend of commercial and residential space, this building is ideal for owner-occupancy or as a lucrative investment property. The asking price is $1,390,000, translating to $438.90 per square foot. This is a rare chance to acquire a dynamic property in a high-demand area with significant upside potential. The property's APN is 206102409.
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The Royal Standard (Bike/Boat/Book/etc) Store
Cap rate
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Property description
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