For Sale
$1,500,000

2010 Peniston StNew Orleans, LA 70115

18,076 SF, 2-story school, redevelopment potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 18,076-square-foot, two-story building presents a unique investment opportunity in New Orleans' desirable Uptown Milan neighborhood. Situated on a 16,500-square-foot lot, this property boasts a prime location just four blocks from St. Charles Avenue, surrounded by popular restaurants and retail establishments, including Martin Wine & Spirits, Zee's Pizzeria, and Lucy Boone Ice Cream. Originally constructed in 1955 and extensively renovated in 2015, the building currently serves as a school and daycare facility, with existing tenants. The first floor comprises 9,434 square feet, featuring nine classrooms, several offices, and two kitchens. The second floor is completely gutted and ready for renovation, accessible via an interior elevator and stairwells. The HU-RDI zoning permits two-family developments, and a conditional use ordinance allows for educational facilities. This versatile property offers the potential for continued use as a school or daycare center, or redevelopment into other permitted uses, subject to zoning and neighborhood ordinances. The rectangular parcel provides ample space for future expansion or development. This is a rare opportunity to acquire a historic building with significant potential in a thriving Uptown location.

Highlights

  • 18,076 SF two-story building on a 16,500 SF lot in Uptown New Orleans' Milan neighborhood.
  • Located just blocks from St. Charles Avenue.
  • Surrounded by restaurants and retail, including Martin Wine & Spirits, Zee's Pizzeria, and Lucy Boone Ice Cream.
  • Second floor is gutted and ready for renovation; first floor has classrooms, offices, and kitchens.

Property Details for 2010 Peniston St

Property type
Specialty properties, Schools
Square Feet
18,076 SF
Year Built/Renovated
1955/2015
Buildings
1
Stories
2

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9312385
Longitude
-90.096911
2010 Peniston St, New Orleans, Louisiana

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2010 Peniston St
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