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$ 849,000
Est. payment /mo
Active
2232 ESPLANADE AVE New Orleans, LA 70119
4,245 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,245 sqft
Price per Sqft $200
MLS Listing ID 2549295
HOA Y/N No
Year Built 1859
Lot Dimensions 75 x 119
Property Sub-Type Commercial
Source ROAM MLS
Land Area 4245
Property Description
DOUBLE LOT! NEEDS COMPLETE REMODEL!Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents arare opportunity to acquire a historic multi-family redevelopment in one of New Orleans' mostdesirable neighborhoods. The property consists of five residential units with separatelymetered utilities, offering flexibility in future leasing and operations. Rich in architecturalcharacter and located within a historic district, the asset is ideally suited for a comprehensiverestoration that can capitalize on available state and federal historic tax credit programs.In addition to the existing improvements, the offering includes an adjacent lot that providesthe ability to construct up to two additional units—further enhancing the property's incomepotential and long-term upside. Situated just minutes from the French Quarter, Bayou St.John, and City Park, the location benefits from strong rental demand driven by its walkability,charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenuerepresents a compelling value-add opportunity for investors and developers seeking toexecute a transformative project in a premier New Orleans submarket.
Location
State LA
County Orleans
Zoning HU-RD1
Interior
Fireplace No
Exterior
Parking Features Off Street, Parking Lot
Garage Spaces 3.0
Utilities Available Natural Gas Available
Total Parking Spaces 3
Garage No
Building
Lot Description Other
Water Public
New Construction No
Others
Tax ID 20
Virtual Tour https://www.propertypanorama.com/instaview/roam/2549295
Listed by McEnery Residential, LLC (MCEN02)
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