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$ 895,000
Est. payment /mo
Active
2232 ESPLANADE AVE New Orleans, LA 70119
4,245 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,245 sqft
Price per Sqft $210
MLS Listing ID 2549295
HOA Y/N No
Year Built 1859
Property Description
Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents a
rare opportunity to acquire a historic multi-family redevelopment in one of New Orleans' most
desirable neighborhoods. The property consists of five residential units with separately
metered utilities, offering flexibility in future leasing and operations. Rich in architectural
character and located within a historic district, the asset is ideally suited for a comprehensive
restoration that can capitalize on available state and federal historic tax credit programs.
In addition to the existing improvements, the offering includes an adjacent lot that provides
the ability to construct up to two additional units—further enhancing the property's income
potential and long-term upside. Situated just minutes from the French Quarter, Bayou St.
John, and City Park, the location benefits from strong rental demand driven by its walkability,
charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenue
represents a compelling value-add opportunity for investors and developers seeking to
execute a transformative project in a premier New Orleans submarket.
rare opportunity to acquire a historic multi-family redevelopment in one of New Orleans' most
desirable neighborhoods. The property consists of five residential units with separately
metered utilities, offering flexibility in future leasing and operations. Rich in architectural
character and located within a historic district, the asset is ideally suited for a comprehensive
restoration that can capitalize on available state and federal historic tax credit programs.
In addition to the existing improvements, the offering includes an adjacent lot that provides
the ability to construct up to two additional units—further enhancing the property's income
potential and long-term upside. Situated just minutes from the French Quarter, Bayou St.
John, and City Park, the location benefits from strong rental demand driven by its walkability,
charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenue
represents a compelling value-add opportunity for investors and developers seeking to
execute a transformative project in a premier New Orleans submarket.
Location
State LA
County Orleans
Zoning HU-RD1
Interior
Fireplace No
Exterior
Parking Features Off Street, Parking Lot, Three or more Spaces
Water Access Desc Public
Building
Lot Description City Lot, Oversized Lot, Rectangular Lot
Dwelling Type Mixed Use,Other
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 20
Special Listing Condition None
Listed by McEnery Residential, LLC
Schools Near
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