3827 Frenchmen StNew Orleans, LA 70122

This exceptional mixed-use property, located at 3827 Frenchmen Street in New Orleans, Louisiana, presents a unique investment opportunity. The 12,974 square foot building sits on a large lot and includes an adjacent parking lot at 2158 Foy Street. The property is comprised of a two-story building with four retail/restaurant spaces on the ground floor, currently leased, generating a strong net operating income (NOI) of $6,300. The upper level offers office space with a shared lobby and restrooms, currently undergoing renovations for completion soon. The net rentable area totals 11,250 square feet. The asking price of $1,500,000 includes both the Frenchmen Street building and the adjacent Foy Street parking lot; the parking lot is not available for separate purchase. This prime Gentilly location offers significant potential for investors seeking a blend of established rental income and future development possibilities. The property's size and configuration, combined with its desirable location, make it an attractive investment in the vibrant New Orleans market. The zip code is 70122.