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$249,000
5 Days On Site

1005-07 MARIGNY Street
New Orleans, LA 70117

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
1,400
SqFt
$178
/SqFt
1850
Built
County:
Orleans
Call Now: (504) 302-9590
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(504) 302-9590
1005-07 MARIGNY Street1005-07 MARIGNY Street
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Monthly Payment (Est.)

$1,136
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Adjacent to 1001 Marigny and available separately or as a package. This 1,400 square foot double sits mid-block in the heart of the Faubourg Marigny, steps from the Elysian Fields and St. Claude corridor and across from Robért Fresh Market. Walkable to the French Quarter, Frenchmen Street, and Bywater. The property currently operates as two suites with the Historic Mardi Gras Inn as a two-unit double, producing income today with lodging infrastructure already in place. Two clear paths to increase both square footage and guest appeal: Rear reconfiguration. Relocating the rear bathrooms opens up the back of the lot for a private pool and courtyard — a meaningful amenity upgrade in a submarket where outdoor space is scarce and commands a premium. Camelback addition. A rear camelback would substantially increase conditioned square footage while following a building form native to the neighborhood — the traditional New Orleans approach to adding space without altering the street-facing elevation. Together these moves reposition a modest double into a materially larger, amenity-driven asset. Zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District). Buyer to independently verify all zoning, permitting, entitlement, and incentive matters. Zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District). Rehabilitation of the existing structure may qualify for the 20% Federal and 25% Louisiana State Historic Rehabilitation Tax Credits on certified qualified rehabilitation expenditures, subject to certification. Site improvements and shorter-life assets identified through cost segregation may separately be eligible for 100% first-year bonus depreciation under the One Big Beautiful Bill Act. All entitlement and incentive eligibility to be independently verified by buyer and its tax advisors.

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Listing Snapshot
Price 
$249,000
Days On Site 
5 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,400 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1850
MLS® Number 
2575662
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
5 days agoListing first seen on site
5 days agoListing updated with changes from the MLS®
General Features
Cross Street 
St Claude, Rampart, Mandeville
Parking 
None
Sewer 
Public Sewer
SqFt Total 
1400
Water Source 
Public
Zoning 
HMC-2
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Exterior Features
Lot Features 
City LotRectangular Lot
Listing courtesy of Parish Realty of Louisiana Inc

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
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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