3037 Royal StNew Orleans, LA 70117

Property Details for 3037 Royal St

Property size (Sq ft)

12,500 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional Bywater property offers a unique blend of commercial and residential space. The offering encompasses two buildings totaling 12,500 square feet of net rentable office space, currently configured with 14 private offices, a large boardroom, full kitchen, laundry facilities, and approximately 800 square feet of double-height warehouse space. The office space will be delivered vacant upon sale. In addition, the property includes four renovated apartment units; two are currently leased, one is owner-occupied, and one is available for sale. All apartments have undergone recent renovations. The property sits on a 7,555 square foot lot and boasts a Class B rating. Built in 2010, the two-story structure is fully sprinklered and benefits from available tax credits for renovations. The HMR-3 zoning (with RDO-1 overlay) allows for a wide range of commercial uses, including office, retail, restaurant, gallery, and medical. This fee-simple ownership opportunity presents a compelling investment for owner-users seeking additional income or investors targeting stable returns in a highly desirable Bywater location, close to numerous popular restaurants and businesses. The asking price is $1,245,000, translating to $99.60 per square foot.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9637

Longitude

-90.0464

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