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$ 699,000
Est. payment /mo
New
1001 MARIGNY ST New Orleans, LA 70117
2,900 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $241
MLS Listing ID 2575663
HOA Y/N No
Year Built 1850
Property Description
Rare corner mixed-use opportunity in the heart of the Faubourg Marigny, currently operating as part of an established boutique lodging property. This 3,400 square foot building sits at a hard corner just off the Elysian Fields and St. Claude intersection — one of the highest-traffic crossroads on the downriver side of the city — and directly across from Robért Fresh Market.
The building presently houses the administrative office for the Historic Mardi Gras Inn along with four apartment units operated in connection with the Inn. The property conveys as a functioning, income-producing asset with existing lodging infrastructure in place — a meaningful head start in a market where new commercial transient lodging entitlements are difficult to obtain.
The rear portion of the structure presents an opportunity for reconfiguration, including the potential removal of the rear section to create a private courtyard and pool amenity — a significant differentiator for guest-facing operations in this submarket. Alternatively, the building supports conversion to office, retail, restaurant, gallery, or professional service use under HMC-2 zoning, or continued operation as-is.
Corner position delivers frontage on two streets, strong visibility, and steady foot and vehicle traffic from the surrounding neighborhood, the St. Claude arts corridor, and daily grocery shoppers. Walkable to the French Quarter, Frenchmen Street, and Bywater.
Zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District). The property may qualify for the 20% Federal and 25% Louisiana State Historic Rehabilitation Tax Credits on certified qualified rehabilitation expenditures, and shorter-life assets identified through cost segregation may be eligible for 100% first-year bonus depreciation under the One Big Beautiful Bill Act. All permitting, entitlement, and incentive eligibility to be independently verified by buyer.
The building presently houses the administrative office for the Historic Mardi Gras Inn along with four apartment units operated in connection with the Inn. The property conveys as a functioning, income-producing asset with existing lodging infrastructure in place — a meaningful head start in a market where new commercial transient lodging entitlements are difficult to obtain.
The rear portion of the structure presents an opportunity for reconfiguration, including the potential removal of the rear section to create a private courtyard and pool amenity — a significant differentiator for guest-facing operations in this submarket. Alternatively, the building supports conversion to office, retail, restaurant, gallery, or professional service use under HMC-2 zoning, or continued operation as-is.
Corner position delivers frontage on two streets, strong visibility, and steady foot and vehicle traffic from the surrounding neighborhood, the St. Claude arts corridor, and daily grocery shoppers. Walkable to the French Quarter, Frenchmen Street, and Bywater.
Zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District). The property may qualify for the 20% Federal and 25% Louisiana State Historic Rehabilitation Tax Credits on certified qualified rehabilitation expenditures, and shorter-life assets identified through cost segregation may be eligible for 100% first-year bonus depreciation under the One Big Beautiful Bill Act. All permitting, entitlement, and incentive eligibility to be independently verified by buyer.
Location
State LA
County Orleans
Zoning HMC-2
Interior
Fireplace No
Exterior
Parking Features None
Utilities Available Water Not Available
Water Access Desc None
Building
Lot Description Corner Lot, City Lot, Rectangular Lot
Dwelling Type Mixed Use
Sewer Public Sewer
Water None
Others
Tax ID 38W103101
Special Listing Condition None
Listed by Parish Realty of Louisiana Inc
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