1027 Ninth StNew Orleans, LA 70115

Property Details for 1027 Ninth St

Property size (Sq ft)

3,810 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This mixed-use property in New Orleans' Uptown neighborhood offers a unique investment opportunity. Located at 1027 Ninth Street, this two-story, 3,810 square foot building sits on a 3,920 square foot lot and is zoned HU-RD2. The property currently features a ground floor commercial space (513 sq ft) occupied by a hair salon on a month-to-month lease, and a large ground floor residential unit (previously two apartments, now combined into one). The second floor is currently used as a law office and can be easily converted back to residential use. The building boasts attractive features including 12-foot mahogany doors with transoms, a marble foyer, a crystal chandelier, a spectacular double staircase, granite kitchen, 42-inch cabinets, mahogany floor doors, and a master suite with granite, a whirlpool tub, and shower. The second floor also features 12-foot ceilings and chandeliers. While the current zoning is HU-RD2, the previous B1-A zoning is grandfathered in for the existing ground floor commercial tenant. The asking price is $895,000, representing a price per square foot of $325.26 and a price per unit of $334.65. This property presents a compelling blend of commercial and residential income potential in a highly desirable location. The property's location near Magazine Street adds to its appeal. This is a cash-to-seller transaction.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9238

Longitude

-90.0859

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