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$ 2,100,000
Est. payment /mo
New
1212 ROYAL ST New Orleans, LA 70116
7,370 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,370 sqft
Price per Sqft $284
MLS Listing ID 2577385
HOA Y/N No
Year Built 1830
Property Description
Exceptional French Quarter investment opportunity offering 10 total units, including eight residential units and two iconic restaurant spaces, in one of the most coveted locations in the Vieux Carré. Situated on Royal Street in a prime residential section of the Quarter, the property combines historic character, strong existing rental income, and significant potential to create additional value.
The property is entered through a central carriageway flanked by Mona Lisa and Bennachin, two well-established and popular French Quarter restaurants, opening into an expansive interior brick courtyard. The eight residential units surround this distinctive shared space, creating a rare combination of scale, privacy, and authentic French Quarter architecture. Four units are currently in need of renovation, providing an opportunity to improve the property while maintaining income from the six tenant-occupied units.
With its prominent Royal Street location, substantial unit count, existing commercial tenancy, and value-add potential, the property offers multiple possibilities, including continued rental operations, renovating for increased revenue and equity, or a potential condominium conversion. Property also features a 2023 roof, shared laundry facility, and X flood zone.
Just steps from Jackson Square and within easy reach of Frenchmen Street, the property places residents and guests in the center of the galleries, restaurants, music, nightlife, and historic landmarks that make the French Quarter one of New Orleans' most distinctive and enduring destinations.
The property is entered through a central carriageway flanked by Mona Lisa and Bennachin, two well-established and popular French Quarter restaurants, opening into an expansive interior brick courtyard. The eight residential units surround this distinctive shared space, creating a rare combination of scale, privacy, and authentic French Quarter architecture. Four units are currently in need of renovation, providing an opportunity to improve the property while maintaining income from the six tenant-occupied units.
With its prominent Royal Street location, substantial unit count, existing commercial tenancy, and value-add potential, the property offers multiple possibilities, including continued rental operations, renovating for increased revenue and equity, or a potential condominium conversion. Property also features a 2023 roof, shared laundry facility, and X flood zone.
Just steps from Jackson Square and within easy reach of Frenchmen Street, the property places residents and guests in the center of the galleries, restaurants, music, nightlife, and historic landmarks that make the French Quarter one of New Orleans' most distinctive and enduring destinations.
Location
State LA
County Orleans
Zoning VCR-2
Interior
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Building
Lot Description City Lot, Oversized Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Living Quarters
Others
Tax ID 208100915
Special Listing Condition None
Listed by FQR Realtors
Schools Near
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