It's in the top 10% of views. Tour it before it's gone!
Today:
About this home
PREMIER RETAIL and DEVELOPMENT OPPORTUNITY in one the busiest, most high-demand parts of the beautiful New Orleans FRENCH QUARTER. At almost 20,000 square feet, this HISTORIC 3-story building dates from roughly 1850 and brings in over $20K/month in rental income from the 2x retail tenants (describe as 1 or 2 tenants?) on the 1st floor with potential for much, MUCH more. The 2nd and 3rd floors are in a shell state and ready to be built out into HIGH-END office and/or multifamily spaces. Ownership is in the process of having architectural plans for LUXURY CONDOS approved by the HDLC and will share with buyer under appropriate circumstances. Both upper stories have VERY HIGH CEILINGS, making a comfortable buildout suitable, even with room for as yet to be installed HVAC and plumbing systems. Tujague's and the New Orleans Jazz National Historical Park Visitors Center make for excellent neighbors. VCC-2 zoning. Flood zone x.
Multi-familyProperty Type
1850Year Built
7,274 sq ftLot Size
$248Price/Sq.Ft.
Listed by Blake Rose• Berkshire Hathaway HomeServices Preferred, REALTOR
Mary McLeod Bethune Elementary School of Literature & Technology
Charter PreK-8 • Assigned • 2.7mi
8/10
Provided by GreatSchools
About French
Quarter
French Quarter, located between Canal Street and Esplanade Avenue, is a historic and nightlife New Orleans neighborhood with wrought-iron balconies and narrow, lantern-lit streets. The neighborhood’s character concentrates around Bourbon Street at St. Peter Street, where music clubs, courtyard bars, and late-night bites spill into the sidewalks. Jackson Square frames a formal green with the St. Louis Cathedral and a steady rhythm of street performers. Preservation Hall and The Historic New Orleans Collection anchor the cultural calendar in intimate, old-world rooms. Creole townhouses, hidden patios, and brick alleys shape a walk-first lifestyle. The Mississippi River edge at Woldenberg Park adds breezes and long views beside the Moon Walk promenade.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Living
Interior features
Average condition
Bathrooms
1 full bathroom
Heating & cooling
Central heating
Central air conditioning
Exterior features
City lot
Rectangular lot
Lot dimensions approximately 34 x 214
Home design
3-story building
Flat roof
Construction
Brick and Masonite exterior
Slab foundation
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
PREMIER RETAIL and DEVELOPMENT OPPORTUNITY in one the busiest, most high-demand parts of the beautiful New Orleans FRENCH QUARTER. At almost 20,000 square feet, this HISTORIC 3-story building dates from roughly 1850 and brings in over $20K/month in rental income from the 2x retail tenants (describe as 1 or 2 tenants?) on the 1st floor with potential for much, MUCH more.
The 2nd and 3rd floors are in a shell state and ready to be built out into HIGH-END office and/or multifamily spaces. Ownership is in the process of having architectural plans for LUXURY CONDOS approved by the HDLC and will share with buyer under appropriate circumstances. Both upper stories have VERY HIGH CEILINGS, making a comfortable buildout suitable, even with room for as yet to be installed HVAC and plumbing systems.
Tujague's and the New Orleans Jazz National Historical Park Visitors Center make for excellent neighbors. VCC-2 zoning. Flood zone x.
AcadianaMLS #NO2481222
Jan 3, 2025
Listed
$5,000,000
$251/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Orleans Parish
APN
SQ 28 LOT 9 DECATUR
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 3, 2025.
VCC-2
IZD - BED AND BREAKFAST
IZD - COMMERCIAL SHORT TERM RENTAL
IZD - NON-COMMERCIAL STR SPECIAL EXCEPTION
Vieux Carré Commercial District
The VCC-2 Vieux Carré Commercial District is intended to provide for retail and service establishments that attract and service local residents and visitors, permitting more intensive commercial uses than in the VCC-1 District, yet protecting the quality of life of the adjacent residential uses and the overall character of the Vieux Carré. This district includes the major shopping area of the Vieux Carré.
Zone overlays
Bed and Breakfast Interim Zoning District
Commercial Short-Term Rental Interim Zoning District
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Retail-Grocery
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Historical weather
New Orleans, LA • 70130
Average low and high temperatures (°F)
61
46
70
54
76
61
80
68
84
72
90
78
92
80
91
79
89
77
82
69
75
62
66
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5.2 hours in December, which is comparable to the
U.S. average for solar exposure.
8.9 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 425 Decatur St
$4,721,366
$229K under list price of $4.95M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $650K to $1.7M.