For Sale
$6,400,000

535 Iberville St New Orleans, LA 70130

9-unit French Quarter investment opportunity.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 6-story, 15,282 square foot multifamily condo building at 535 Iberville Street in New Orleans' historic French Quarter is offered at $6,400,000. The property consists of nine units: four one-bedroom condos, four two-bedroom condos, and a penthouse. A highly desirable feature is the inclusion of eight dedicated parking spaces, a rare commodity in this location. Currently approximately 90% complete, this presents a unique opportunity for a buyer to finalize construction and capitalize on the potential for significant rental income or resale. Situated on a 0.1-acre lot (APN 206101828), the building is zoned VCC-2. Its prime location places it within easy walking distance of the Riverwalk, Jackson Square, Canal Place shops, Caesars New Orleans Hotel & Casino, House of Blues, Four Seasons Hotel, Sazerac House, The Windsor Court, and numerous other attractions. All measurements are approximate and should be verified by the purchaser. Zoning and intended use are also to be verified by the purchaser. This is a truly rare chance to own a significant piece of New Orleans real estate in a highly sought-after area.

Highlights

  • High-quality construction.
  • Excellent location with high visibility.
  • Ample parking available.
  • Flexible floor plan adaptable to various uses.
  • Strong tenant base with long-term leases.
  • Significant upside potential for rental income.

Property Details for 535 Iberville St

Property type
Commercial real estate
Square Feet
15,282 SF
Buildings
1
Stories
6
Lot Size (sq. ft)
4,356 SF
Units
9

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.953278890169
Longitude
-90.067026152333

FAQs

What type of property is this?
Commercial real estate - 9-unit French Quarter investment opportunity.
Where is the commercial real estate located?
The property is located at 535 Iberville St New Orleans, LA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: High-quality construction.; Excellent location with high visibility.; Ample parking available.
How can I contact the broker?
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535 Iberville St
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