2010 Peniston StNew Orleans, LA 70115

Property Details for 2010 Peniston St

Year built

1955

Property size (Sq ft)

18,076 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9312

Longitude

-90.0969

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