714 Carondelet StNew Orleans, LA 70130
- Hospitality properties
- 9,077 SF
Property Details for 714 Carondelet St
- Property size (Sq ft)
- 9,077 SF
- Property type
- Hospitality properties
- Property subtype
- Other hospitality properties
Description
This exceptional redevelopment opportunity presents a unique chance to acquire a historic, bank-owned hotel property in the heart of New Orleans' Central Business District (CBD). Located at 714 Carondelet St, New Orleans, LA 70130, this property comprises two connected buildings totaling 9,077 square feet across three stories. The main building, 714-716 Carondelet St, is a 6,519 square foot historic shell, completely gutted and ready for renovation. It's connected to 730 Girod St, which features a 1,280 square foot parking garage and a 1,280 square foot apartment on the upper level. A private courtyard adds to the property's appeal. The property boasts a CBD-5 zoning designation, offering a wide range of development possibilities. Previous renovations have already begun, with a sound roof and new electrical mains already installed, significantly reducing initial redevelopment costs. The asking price is $2,000,000, translating to $220.34 per square foot. The property is currently vacant with an occupancy date of August 5, 2024. This is an exceptional investment opportunity for those seeking a high-impact project in a vibrant and desirable location.
Location Insight
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Latitude
- 29.9472
- Longitude
- -90.0726
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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