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$3,500,000
35 Days Online

427 GRAVIER Street
New Orleans, LA 70130

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
6,428
SqFt
$544
/SqFt
1880
Built
County:
Orleans

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

427 GRAVIER Street427 GRAVIER Street427 GRAVIER Street427 GRAVIER Street
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427 Gravier presents an excellent investment opportunity. This permitted hotel property features six 2-bedroom, 2-bath units, each equipped with modern kitchens and laundry facilities. Renovated in 2019 with high-end finishes, this turnkey operation is situated in a prime location—just steps away from the French Quarter, Caesar's Hotel & Casino, and all the attractions of downtown and the Central Business District. Currently, the property enjoys a steady growth trajectory, especially in the post-COVID market, with an impressive gross operating income of $505k in 2023 and $344k YTD for 2024 with projections to surpass last year’s numbers. The property is zoned CBD-2, offering potential for a range of uses and future growth. Additional financial information available upon request.

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Listing Snapshot
Price 
$3,500,000
Days Online 
35 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,428 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0597 Acres
Year Built 
1880
MLS® Number 
2461696
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Plans
Friends & Family
Recent Activity
a month agoListing first seen online
2 months agoListing updated with changes from the MLS®
General Features
Acres 
0.0597
Number Of Stories 
3
Parking 
None
Security 
Fire Sprinkler System
Sewer 
Public Sewer
SqFt Total 
6428
Stories 
Three Or More
Water Source 
Public
Zoning 
CBD-2
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Exterior Features
Construction Details 
Metal SidingConcrete
Lot Features 
City LotRectangular Lot
Listing courtesy of REVE, REALTORS

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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