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$ 650,000
Est. payment | /mo
$ 650,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2574149
HOA Y/N No
Year Built 1920
Property Description
418 & 422 S. Broad Street offers a unique opportunity for investors, developers, and owner-users. The offering includes an existing two-story building at 422 S. Broad and the adjoining vacant lot at 418 S. Broad, providing flexibility for immediate use, expansion, off-street parking, or future development.
The first floor of 422 S. Broad was historically utilized as restaurant space, while the second floor was most recently occupied by an attorney's office. The layout lends itself well to an owner-user looking to occupy a portion of the building while generating income from the remaining space. A restaurant operator could convert the second floor to residential use, while an attorney or other professional user could occupy the upper floor and lease the ground-floor commercial space.
The property may also offer additional upside through the use of eligible State and Federal Historic Tax Credits. All measurements are approximate/not guaranteed and are to be verified by the Purchaser/Buyer. Zoning, intended use, and all other pertinent info to be verified by the Purchaser/Buyer.
The first floor of 422 S. Broad was historically utilized as restaurant space, while the second floor was most recently occupied by an attorney's office. The layout lends itself well to an owner-user looking to occupy a portion of the building while generating income from the remaining space. A restaurant operator could convert the second floor to residential use, while an attorney or other professional user could occupy the upper floor and lease the ground-floor commercial space.
The property may also offer additional upside through the use of eligible State and Federal Historic Tax Credits. All measurements are approximate/not guaranteed and are to be verified by the Purchaser/Buyer. Zoning, intended use, and all other pertinent info to be verified by the Purchaser/Buyer.
Location
State LA
County Orleans
Zoning MU-1
Interior
Fireplace No
Exterior
Parking Features Parking Lot, Three or more Spaces
Water Access Desc Public
Building
Lot Description City Lot, Irregular Lot
Dwelling Type Mixed Use,None,Office
Sewer Public Sewer
Water Public
Others
Tax ID 105202330
Special Listing Condition None
Listed by Urban Properties Real Estate, LLC
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