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Listed byTalbot Realty Group • Christopher Patrick Talbot • 504-525-9763
$ 11,950,000
Est. payment | /mo
108,000 SqFt
$ 11,950,000
Est. payment | /mo
108,000 SqFt
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 108,000 sqft
Price per Sqft $110
MLS Listing ID 2553340
HOA Y/N No
Acres 0.81
Lot Dimensions .80 acres
Property Sub-Type Commercial
Source ROAM MLS
Land Area 108000
Property Description
Creative Financing Available | Historic Tax Credit Opportunity | 100+ Key RedevelopmentAcquire and redevelop a ±108,000 SF, 100+ key hotel or multifamily asset in the heart of New Orleans' BioMedical District.Ownership is now offering creative financing, providing a path to control a large-scale CBD asset with reduced upfront equity and greater execution certainty. The property has been determined eligible for Federal and State Historic Tax Credits, offering the potential to significantly reduce overall project basis.Positioned along Canal Street with approximately 180 feet of frontage and direct streetcar access, the site sits at the intersection of the CBD, Medical District, and French Quarter—one of the most dynamic and rapidly developing corridors in the city.Originally constructed in 1963 as the Governor House Motor Hotel, the six-story, steel-frame structure offers a true blank-canvas opportunity for hotel, multifamily, or mixed-use redevelopment.The property is vacant and has been remediated, allowing for immediate redevelopment. Walkable to the CBD, Medical District, and French Quarter, and located minutes from the Superdome, Caesars Casino, and Convention Center.Ownership is seeking qualified buyers capable of executing on a transformative redevelopment. Additional information available upon request.
Location
State LA
County Orleans
Area 0.81
Zoning CBD-7
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Natural Gas Available
Garage No
Building
Lot Description Other
Water Public
New Construction No
Others
Tax ID 105103621
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