620 FRENCHMEN STREET

Rare opportunity to purchase a fully leased mixed use circa 1895 two story Victorian commercial retail/residential building in the heart of Frenchmen Street's lively entertainment district. Property is zoned HMC-1. Located in the most desirable block between Royal and Chartres streets, all rental units are currently occupied on a month-to-month basis. Offering endless opportunities, the floorplan is currently comprised of one large 1626 SF ground floor retail space with a 1582 SF mezzanine overlooking the ground floor retail space and 3 residential units. The 2086 SF of living space is divided among 3 second story one-bedroom apartments (900 - 1100 SF) with one (1064 SF) operating as a licensed commercial vacation rental with a private front entrance on Frenchmen. A large private balcony is accessed via the vacation rental unit and overlooks the vibrant Frenchmen street scene. The remaining two apartments are accessed by a rear exterior staircase and share a second story porch. In addition, there is a 365 SF storage area in the rear and 2 adjacent covered workrooms.
This unbeatable location with a Walk Score of 96 is within minutes of restaurants, bars, retail stores, Washington Square Park and the Riverfront. Contract parking is available at nearby parking lots. This property may qualify for state and local tax credit programs.