COMMERCIAL REAL ESTATE

Transcription

1 COMMERCIAL REAL ESTATE

2 MISSISSIPPI RIVER COMMERCIAL REAL ESTATE TCHOUPITOULAS STREET AUSTERLITZ STREET ANNUNCIATION STREET CONSTANTINOPLE STREET UPTOWN DEVELOPMENT SITE FOR SALE 3969 Tchoupitoulas Street New Orleans, LA 70115

3 COMMERCIAL REAL ESTATE UPTOWN DEVELOPMENT SITE FOR SALE 3969 Tchoupitoulas Street New Orleans, LA DESCRIPTION 3969 Tchoupitoulas is one of the best development sites left in uptown New Orleans. With about 31,000 SF of land, this site is ripe for a large scale mixed use development. Tchoupitoulas is a burgeoning commercial corridor with many breweries, bars, restaurants, and multi-family developments popping up in recent years. Nearby businesses include Rouses, Tipitinas, Port Orleans, NOLA brewery and distillery, Winn Dixie, Whitney Bank, Orange Theory Fitness, Regions Bank, and Petco. There are approximately 2550 SF of improvements on the site which are built out as a recording studio. The studio includes a full kitchen, office space, entertainment area, and private recording studios. Zoning: Size: HU-MU and HU-RD2 30,890 SF ANNUNCIATION STREET Asking Price: $1,775,000 $1,725,000 AUSTERLITZ STREET 2017 DEMOGRAPHICS 2015 Demographics.5 mile 1 mile 3 mile Estimated Pop. 4,203 15,674 94,117 Average HH Income $95,259 $103,492 $81,892 Median Home Value $275,115 $330,038 $298,241 Representative Image TCHOUPITOULAS STREET

4 COMMERCIAL REAL ESTATE ZONING OVERVIEW HU-MU: Some Permitted Uses: Multifamily Dwellings, Restaurant (specialty, carry out, or standard - alcohol by right), Brewery, Financial Institution, Medical/Dental Clinic, Micro-Brewery, Micro-Distillery, Office, Personal Service Establishment, Pet Day Care Service, Public Market, Recording Studio, Retail Goods Establishment, Manufacturing (Artisan), Health Club, Bed and Breakfast, Day Care (Home, Adult or Child), Dwelling (Above the Ground Floor), Dwelling (Single-Family), Dwelling (Two-Family), Dwelling (Townhouse), Residential Care Facility, Short Term Rental (Commercial), Amusement Facility (Indoor), Animal Hospital, Art Gallery, Arts Studio, Catering Kitchen, Day Care Center (Adult or Child), Community Center, Educational Facility, Social Club or Lodge, Agriculture (No Livestock), Parks and Playgrounds, Utilities. Conditional Uses (require approval by city council): Bar, Gas Station, Hostel, Hotel/Motel, Live Entertainment Secondary Use, Reception Facility, Fast Food Restaurant, Retail Sales of Packaged Alcoholic Beverages, Food Processing, Mardi Gras Den, Mini-Warehouse, Warehouse, Cultural Facility, Agriculture With Livestock, Parking Lot (Principal Use), Parking Structure (Principal Use) Density/Bulk Guidelines: Height Limit: 40 and no more than 3 stories Multi-Family Units Permitted (based on 21,600 SF of land zoned HU-MU): 27 units Commercial Space: 10,000+ SF permitted, but no single use can be greater than 5,000 SF without conditional use approval Parking: No parking required for commercial uses under 5,000 SF. One parking space required per dwelling unit. Adjacent, on street parking, counts towards required parking (this site has about 13 on street parking spaces). Lots that front Annunciation are zoned HU-RD2 which currently allows either 2 single family homes (or a variance may be able to obtained to allow 3 single family lots) or up to 4 two family dwelling units (5 with variance). A zoning change to HU-MU for this portion of the property is possible to make it consistent with the balance of the site. A successful rezoning would result in the ability to develop 39 multifamily units with commercial on the ground floor. *All zoning information to be verified by purchaser. Broker not liable for any errors or omissions.

5 COMMERCIAL REAL ESTATE

6 NAPOLEON AVENUE MAGAZINE STREET COMMERCIAL REAL ESTATE TCHOUPITOULAS STREET 82 HU-RD ,890 SF HU-MU TCHOUPITOULAS SREET

7 CLAIBORNE AVENUE ST CHARLES AVENUE WA S A AN SI UI LO ET RE MAGAZINE ST UE EN AV NAPOLEON AVEN UE COMMERCIAL REAL ESTATE TCHOUPITOULAS STREET R E TAI L M AP Tchoup itoulas Str eet New O r leans, LA HI NG TO N AV E NU E

8 For more information, please contact the Owner s exclusive representative: COMMERCIAL REAL ESTATE CASEY BURKA 1900 Cadiz Street, Suite A New Orleans, LA casey@benburka.com BEN JACOBSON 1900 Cadiz Street, Suite A New Orleans, LA ben@benburka.com LICENSED IN THE STATE OF LOUISIANA The information contained herein has been obtained from sources that we deem reliable. No representation or warranty is made as to the accuracy thereof, and it is submitted subject to errors, omissions, change of price, or other conditions, or withdrawal without notice.