824 Royal Street, New Orleans, Louisiana

$3,575,000

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8,283

Square feet

About 824 Royal Street

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.

Features of 824 Royal Street

MLS® # 2336962
Price $3,575,000
Bathrooms 0.00
Square Footage 8,283
Acres 0.00
Year Built 2011
Type Commercial
Sub-Type Historic/Antique
Status Active

Community Information

Address 824 Royal Street
City New Orleans
County Orleans
State Louisiana
Zip Code 70116

Amenities

Parking Attached, Covered, Three or more Spaces
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Brick, Concrete
Lot Description City Lot, Rectangular Lot
Construction Brick, Concrete

Additional Information

Days on Market 376
Zoning VCC-1
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00
Listing Provided By French Quarter Realty
Buyer Agent Commission 2.25%

Listing Map

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