Active

824 ROYAL Street

New Orleans LA, 70116

$3,575,000


$431.61 per sqft

Active

8,283 sqft

Commercial

Built in 1815

Courtesy of MICHAEL WILKINSON with French Quarter Realty

Premium Commercial/Residential property centrally located on one of the best blocks of Royal Street in the French Quarter. New Orleans culture has never been more alive at any other property! Walking distance to St. Louis Cathedral, Jackson Square & the French Market--making this a high-demand area for all investors in search of a classic income producing property that stays steadily, fully occupied. Annual Rental Income ~$225,600/year across all units ($18,800/month).




With excellent street visibility for the commercial space opening onto Royal Street, this property is sure to pique interest in the bustling foot traffic of this area of the Quarter. Current tenant of commercial space has been there for many years. Property offers one, 1st floor commercial space + 8 residential units total (studios, 1BR & 2BR units). 3-story front house includes commercial on 1st floor level. gorgeous & spacious 2BR/2BATH unit with balcony overlooking Royal on 2nd floor and another 2BR/2BATH unit on the 3rd floor. Back house includes two 1BR/1BATH units and four studio/1BATH units. Both houses surrouding a large, lush courtyard area with indoor and outdoor stair access to units. Carriage way entry area can easily be converted into parking for 3+ cars with curb cut out already in place.




First time on the market in over 70 years! Don't miss your chance to own a piece of rare history in the New Orleans French Quarter.



2336962

MLS ID

March 21, 2022

Listed

December 5, 2024

Updated

Map

824 ROYAL Street
New Orleans LA, 70116

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Features

City Lot, Rectangular Lot


Architectual Style

Historic/Antique


Sewer

Public Sewer

Other Property Details

Days on Market

1011


Garage

No


Parking

Attached, Covered, Three or more Spaces


View

No


County

Orleans


Water Source

Public


Pool

No


Zoning

VCC-1

Listing Contact: (504) 491-0484 

Based on information from the Gulf South Real Estate Information Network as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 10:51 PM UTC, 12/5/2024

 

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