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29524973
29524975

888 Girod St, New Orleans, LA 70113 For Sale

NK
LA 995704268
SRSA Commercial Real Estate
SR
LA 0000014916
SRSA Commercial Real Estate
CR
LA 995704218
SRSA Commercial Real Estate
Listed by SRSA Commercial Real Estate
$1,450,000
175 days on market
Updated 47 days ago
Opportunity zone

888 Girod - Luxury 2nd Floor Commercial STR w/ Great History

Details
Property Type Hospitality, Special Purpose
Sub Type Hotel, Motel
Square Footage 2,460
Units 1
Beds 3
Cap Rate 8.75%
NOI $126,853
Price per SqFt $589
Year Renovated 2020
Buildings 1
Stories 1

Hospitality | 8.75% CAP

Marketing description

Take an elevator straight into your 2nd floor luxury condo, perfectly situated in the heart of the vibrant South Market District. This historic warehouse has been beautifully transformed into a luxury mixed-use property permitted for short-term rental.

The unit’s
private elevator access, controlled entry, refined interior, and limited number of total units (3) provide unmatched sophistication, privacy, and security. Inside, exposed brick, original wood beams, and oversized industrial windows frame a sleek modern design, elevated with Brazilian walnut floors, stunning uniquely selected marble baths, granite and marble countertops in all bathrooms and kitchens, professional grade Thermador appliances with gas cooking, two Nest thermostat controlled HVAC zones, and designer Delta and Brizo fixtures and lighting accents throughout. Windows are custom sized, large, double hung, and double paned/insulated,allowing for excellent insulation benefits.

With award-winning restaurants, lively bars, shopping, and a
full-service grocery just outside your door, every convenience is only steps away. Just three blocks away, the Caesars Superdome and Smoothie King Center bring world-class events like Saints and Pelicans games, tailgating, and concerts to your backyard. The nearby French Quarter and Warehouse/Arts District offer endless opportunities to explore, from Julia Street art galleries and The Ogden Museum to the National WWII Museum, plus hundreds of restaurants and bars within walking distance.

Furniture can be made available for additional purchase. HOA includes exterior property and flood insurance, pest control, water, gas, fiber optic internet (1GB Speeds), security, and common area utilities/maintenance, including the elevator.

There are two identical units available, one second floor and another third floor, so they can be purchased as a package as well. Inquire directly for pictures of the third floor unit, or see separate listing.

Investment highlights

  • Private direct elevator access into the unit

  • Excellent multi year performance history

  • Rouses full size grocery store directly across the street, with CVS also across the street for added convenience

  • High-end construction and quality buildout designed for discerning guests or residents

  • Easy access 24 hour parking garage located across the street for all guests to utilize at affordable daily rates

Listing Contacts

NK
LA 995704268
SRSA Commercial Real Estate
SR
LA 0000014916
SRSA Commercial Real Estate
CR
LA 995704218
SRSA Commercial Real Estate
Listed by SRSA Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,853.00
$10,571.08/mo

Valuation Metrics

0
DSCR
8.75%
Cap Rate
8.75%
ROI

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Additional Information

Name
Nick Kallman
License
995704268
Brokerage
SRSA Real Estate
Brokerage Phone
5048312363
Brokerage Address
2555 Severn Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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