234 Loyola AveNew Orleans, LA 70112

Property Details for 234 Loyola Ave

Year built

1970

Lot size

0.32 AC

Property size (Sq ft)

116,420 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

105102107

APU

105102107

Description

This exceptional 9-story, mixed-use property at 234 Loyola Avenue in New Orleans, Louisiana, presents a rare investment opportunity. The 123,266 square foot building sits on a 13,885 square foot lot and boasts 69 keys spread across 69 apartment units. Currently configured as a multifamily building with commercial/office space on the lower three floors, this property offers significant upside potential. Its prime location in the heart of the Central Business District (CBD) places it within easy walking distance of major tourist attractions, including the French Quarter, the Convention Center, the Superdome/Smoothie King Center, and Caesar's Palace Casino. The building has been completely restored, maintaining its historic charm while offering modern amenities. The property's zoning allows for a variety of repositioning strategies, making it ideally suited for conversion into a hotel or short-term rental (STR) property, or maintaining its current multifamily use. This value-add investment is priced significantly below replacement cost, presenting a compelling return on investment. Detailed financial information is available in the full deal room. The property's unique blend of history, location, and potential makes it a truly exceptional opportunity in the vibrant New Orleans market. This is a one-of-a-kind chance to acquire a significant asset in a rapidly growing area.

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9536

Longitude

-90.0748

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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