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Bywater Mixed Use Office/Apartments
Fully leased apartment building with adjoined 10k SF office space
Listing Contacts
License: LA 0995700882
Active
Asking Price: $1,245,000
Address
3037 Royal St, New Orleans, LA 70117
Show on MapDate Added
Apr 9, 2024
Days on Market
346 days
Time Since Last Update
56 days
Details
Property TypeOffice
SubtypeCreative Office, Medical Office, Traditional Office
Investment TypeOwner/User
ClassB
TenancyMulti
Square Footage12,500
Net Rentable (sq ft)12,500
Price/Sq Ft$99.60
Units7
Beds6
Year Renovated2010
Buildings2
Stories2
ZoningHMR-3 (RDO-1 Overlay)
Lot Size (sq ft)7,555
Broker Co-OpYes
OwnershipFee Simple
Marketing Description
3037 Royal Street presents a unique opportunity with 4 apartment units and over 10,000 square feet of office space available for sale. Two apartments are leased, one is owner-occupied, and the last is currently on the market, and all have been recently renovated. The rear commercial space is partially owner-occupied but will be delivered vacant at act of sale. It currently features 14 private office spaces, a large boardroom, a full kitchen area, commercial laundry facilities, approximately 800 square feet of double-height warehouse space, and several larger open office areas.
With tax credits available for renovation, this fully sprinklered property is ideal for an office user seeking space with additional income from the apartments, or an investor looking for stable returns in a prime location from a long term lease or from coworking space. The RDO-1 overlay permits a variety of commercial uses, including office, retail, restaurant, gallery, and medical. Located close to Bywater favorites like Petite Clouet, Bywater Brew Pub, BABS, Satsuma, Pizza Delicious, and many more.
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Property History
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Due Diligence
Listing Contacts
- License: LA 0995700882
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