8523 Oak StNew Orleans, LA 70118

This exceptional mixed-use property, located at 8523 Oak Street in New Orleans, Louisiana, presents a unique investment opportunity. The 1,098 square foot building sits on a lot zoned HU-MU (Historic Urban Neighborhood Mixed-Use District) and offers a blend of retail and residential space. The front portion is ideally suited for a retail business, capitalizing on the high foot traffic of the vibrant Oak Street neighborhood, known for its restaurants, boutiques, and community events. The rear of the property provides residential space, including bedrooms, offering a seamless integration of work and living. A significant advantage is the large outdoor space or backyard, a rare find in an urban setting, providing potential for expansion or simply a private retreat. The property's proximity to Tulane and Loyola Universities further enhances its appeal, benefiting from the dynamic energy and high traffic of a college neighborhood. The asking price is $249,000, translating to $226.78 per square foot. This versatile property is perfect for owner-occupants or investors seeking a prime location in Uptown New Orleans. The property's APN is 716200616. This is a single-building property in Orleans Parish, zip code 70118.