$2,439,000
For Sale

1138 CHARTRES STREET

New Orleans, LA 70116
Browse 37 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

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

Troy Lawrence NMLS #1885144 | Magic Mortgage Inc NMLS #2654516Real Estate Group
OR

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