3037 Royal St New Orleans, LA 70117

This exceptional Bywater property offers a unique blend of commercial and residential space. The offering encompasses two buildings totaling 12,500 square feet of net rentable office space, currently configured with 14 private offices, a large boardroom, full kitchen, laundry facilities, and approximately 800 square feet of double-height warehouse space. The office space will be delivered vacant upon sale. In addition, the property includes four renovated apartment units; two are currently leased, one is owner-occupied, and one is available for sale. All apartments have undergone recent renovations. The property sits on a 7,555 square foot lot and boasts a Class B rating. Built in 2010, the two-story structure is fully sprinklered and benefits from available tax credits for renovations. The HMR-3 zoning (with RDO-1 overlay) allows for a wide range of commercial uses, including office, retail, restaurant, gallery, and medical. This fee-simple ownership opportunity presents a compelling investment for owner-users seeking additional income or investors targeting stable returns in a highly desirable Bywater location, close to numerous popular restaurants and businesses. The asking price is $1,245,000, translating to $99.60 per square foot.