1138 CHARTRES STREET
New Orleans, LA 70116
5683 sqft | #2504044
Description
1138-40 Chartres Street offers an exceptional development opportunity in the heart of New Orleans' French Quarter, ideal for transforming into a boutique bed and breakfast, luxury condominiums, or high-end vacation rentals. Just moments from Jackson Square, Royal Street, and world-class dining and entertainment, this dual-structure property blends iconic architectural charm—iron balconies, high ceilings, and original hardwood floors—with exceptional redevelopment flexibility. Its layout and location support a range of lucrative strategies, including multi-unit short-term rentals or themed hospitality offerings, and may qualify for commercial or STR permitting pending city approval. With soaring demand for distinctive accommodations in this historic district, 1138-40 Chartres represents a compelling opportunity to capitalize on the area's strong tourism and rental markets while owning a piece of New Orleans' rich architectural heritage.
UNIT 1: 319 SF- 1 BED/ 1 BATH
UNIT 2: 262 SF- 1 BED/ 1 BATH
UNIT 3: 789 SF- 1 BED/ 1 FULL & 1 HALF BATH
UNIT 4: 445 SF- 1 BED/ 1 BATH
UNIT 5: 552 SF- 1 BED/ 1 BATH
UNIT 6: 360 SF- 1 BED/ 1 BATH
OFFICE: 367 SF- 1 BED/ 1 BATH
538: 2,589 SF- 2 BEDS/ 3 FULL & 1 HALF BATH
Property Details
- Lot DescriptionCornerLot, CityLot, OversizedLot
- Structure TypeHotelMotel, MixedUse, Other
- Property SubtypeCommercialSale
- Sewer InformationPublicSewer
- Original List Price$2,439,000
- Property TypePurchase
- CountyOrleans
- MLS #2504044
- Cost2439000
- MLS #2504044
- Utility SourcePublic
- Square Feet5683
- Year Built1880
Location
Legal
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Last Updated: . Source: GSREIN
Listing Courtesy
Listing Agent: Elizabeth McNulty (#MCNUELIZ)
Listing Office: LATTER & BLUM (LATT28) (#LATT28)
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