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3037 ROYAL Street, New Orleans, LA 70117
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$1,245,000
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Property Details for 3037 ROYAL Street
Price
$1,245,000
Type
commercial/industrial
Year Build
1950
Sq. Ft.
12500
County
Orleans
MLS®️ Listing#
2442671
On exitrealty.com
284 days
Property Description
Reduced! Motivated Seller!
3037 Royal Street presents a unique opportunity with 4 apartment units and over 10,000 square feet of office space available for sale. All apartments are currently leased, and all have been recently renovated. The rear commercial space is partially owner-occupied but will be delivered vacant at act of sale. It currently features 14 private office spaces, a large boardroom, a full kitchen area, commercial laundry facilities, approximately 800 square feet of double-height warehouse space, and several larger open office areas.
With tax credits available for renovation, this fully sprinklered property is ideal for an office user seeking space with additional income from the apartments, or an investor looking for stable returns in a prime location from a long term lease or from coworking space. The RDO-1 overlay permits a variety of commercial uses, including office, retail, restaurant, gallery, and medical. Located close to Bywater favorites like Petite Clouet, Bywater Brew Pub, BABS, Satsuma, Pizza Delicious, and many more.
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Listing courtesy: Ben & Burka - (504) 301-1002
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$1,245,000
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EXIT REALTY GROUP
3362 Brentwood Dr, Baton Rouge, LA 70809