For Sale
$4,500,000

421 Frenchmen StNew Orleans, LA 70116

Prime New Orleans Mixed-Use Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional New Orleans investment opportunity presents a ±15,308 square foot, three-story building situated on a 0.13-acre corner lot at the coveted intersection of Frenchmen and Decatur Streets. The property, located at 421 Frenchmen Street in the vibrant Faubourg Marigny, is currently zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District) with RDO-1, AC-1, and RIV overlays, offering a wide range of potential uses. The building, classified as Class B, features a single tenancy and includes an elevator shaft. The asking price is $4,500,000, translating to approximately $293.96 per square foot. This historic, tax-credit-eligible property benefits from its prime location within a thriving entertainment district known for its live music venues, diverse restaurants, bars, and unique shops. The property's ±15,308 square feet of improvements are complemented by the substantial lot size of approximately 4,876 square feet. All measurements are approximate and should be independently verified by the purchaser. Similarly, the purchaser is responsible for verifying tax credits, zoning, overlays, and intended use. Prospective buyers should refrain from touring the property without prior arrangement and should not disturb the current tenant.

Property Details for 421 Frenchmen St

Property type
Retail properties, Office properties
Square Feet
15,308 SF
Class
B
Buildings
1
Stories
3
Lot Size (sq. ft)
5,663 SF

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9624326
Longitude
-90.0574167
421 Frenchmen St, New Orleans, Louisiana

FAQs

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421 Frenchmen St
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