1001 Marigny St, New Orleans, LA 70117
- $699,000
- 2,900
- SqFt
- List Price
- $699,000
- MLS#
- 2575663
- Status
- ACTIVE
- Type
- Commercial
- Living Area
- 2,900
- Parish
- Orleans
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.
Additional Information
- Sewer
- Public Sewer
- Water
- None
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