New Orleans, LA 70116,1722 ESPLANADE AVE
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New Orleans, LA 70116,1722 ESPLANADE AVE
New Orleans, LA 70116,1722 ESPLANADE AVE
New Orleans, LA 70116,1722 ESPLANADE AVE
New Orleans, LA 70116,1722 ESPLANADE AVE
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1722 ESPLANADE AVE New Orleans, LA 70116

7,092 SqFt


UPDATED:

09/30/2024 05:36 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 7,092 sqft

Price per Sqft $197

MLS Listing ID 2463977

HOA Y/N No

Year Built 1900

Property Description

1722 Esplanade Avenue is a 10-unit historic building on the famous Esplanade Avenue in the vibrant Treme/Lafitte neighborhood, just blocks away from the French Quarter. This property is ready for a developer to bring it back to its full potential and create a large profit in doing so. The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit, and one (1) 2 bedroom 2 bathroom unit. The units feature beautiful hardwood flooring, balconies, a fenced yard, and high ceilings. The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217,762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2,315,000. With the low cost basis and renovation budget, this will allow for a decent size profit for the developer of the project.

Location

State LA

County Orleans

Zoning HU-RD1

Interior

Fireplace No

Exterior

Garage None

Water Access Desc Public

Parking Type None

Building

Lot Description City Lot, Rectangular Lot

Dwelling Type Mixed Use

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Others

Tax ID 208105508

Special Listing Condition None


Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Bridgewater Realty Advisors, LLC

Joey Walker

Sponsoring Broker | License ID: 995699523

+1(504) 610-5637

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1722 ESPLANADE AVE