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  1. For Sale
  2. Hospitality
  3. LA
  4. New Orleans
  5. 34 Key Boutique Hotel
Pictures of Hospitality property located at 502 frenchmen street, New Orleans, LA 70116 for sales - image #1
Pictures of Hospitality property located at 502 frenchmen street, New Orleans, LA 70116 for sales - image #2
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Pictures of Hospitality property located at 502 frenchmen street, New Orleans, LA 70116 for sales - image #9
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34 Key Boutique Hotel

Hospitality

Listing Contacts

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Asking Price: $6,750,000
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Address 

502 frenchmen street, New Orleans, LA 70116

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Date Added
Nov 11, 2024
Days on Market
181 days
Time Since Last Update
67 days

Details

Property TypeHospitality
SubtypeHotel
Square Footage11,456
ZoningHMC-2
IntelligenceINTELLIGENCE
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Marketing Description

Located in the heart of the Marigny District on bustling Frenchmen Street, 502 Frenchmen offers a rare chance to redevelop a historic building in one of New Orleans' most vibrant neighborhoods and world famous night life.​ This iconic property, with its classic New Orleans architecture, high ceilings, and ornate façade, is ideal for adaptive reuse with ground floor bar / restaurant and jazz club with the upper floors permitted for a 34 room boutique hotel.​ Positioned on the most popular stretch of Frenchmen Street, known for its live music venues, art galleries, and nightlife, the property benefits from high foot traffic and close proximity to the French Quarter.​

With approximately 26,598 square feet of space, this three-story building offers immense potential for investors.​ It may also qualify for state and federal historic tax credits, providing significant financial incentives for restoration.​ Frenchmen Street’s unique cultural energy and growing market make this property a prime opportunity for developers to create a lasting presence in New Orleans' thriving real estate landscape.​

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