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30866366
30899074

888 Girod St 201 & 301, 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
$2,900,000
132 days on market
Updated 38 days ago
Opportunity zone

New Orleans STR Condo Package - 888 Girod

Details
Property Type Hospitality, Multifamily (+1)
Sub Type Hotel, Motel
Square Footage 4,920
Units 2
Cap Rate 7.51%
NOI $217,853
Price per SqFt $589
Year Built 1911
Year Renovated 2020
Stories 4
Zoning CBD-5

Hospitality | 7.51% CAP

Marketing description

Rare opportunity to purchase not just one, but TWO commercially zoned, operating STR units in New Orleans. Guests will take an elevator straight into each luxury condo, perfectly situated in the heart of the South Market District. This historic warehouse has been beautifully transformed into a luxury mixed-use property permitted for short-term rental.

Converted from a historic warehouse and tastefully renovated in 2020, the building features only three residential units, each occupying its own full floor. The interior blends the building’s original architectural charm - exposed bricks, wood beams, and oversized industrial windows - with high-end modern finishes throughout. Highlights include Brazilian walnut floors, custom marble and granite surfaces, professional-grade Thermador appliances with gas cooking, dual-zone Nest-controlled HVAC, and designer Delta and Brizo fixtures. Custom double-hung, double-paned windows provide exceptional natural light, comfort, and energy efficiency.

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.

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
$217,853.00
$18,154.42/mo

Valuation Metrics

0
DSCR
7.51%
Cap Rate
7.51%
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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