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$699,000
5 Days On Site

1001 MARIGNY Street
New Orleans, LA 70117

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
2,900
SqFt
$241
/SqFt
1850
Built
County:
Orleans
Call Now: (504) 302-9590
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(504) 302-9590
1001 MARIGNY Street1001 MARIGNY Street1001 MARIGNY Street1001 MARIGNY Street
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Monthly Payment (Est.)

$3,189
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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.

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Listing Snapshot
Price 
$699,000
Days On Site 
5 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,900 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1850
MLS® Number 
2575663
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
6 days agoListing updated with changes from the MLS®
General Features
Additional Property Use 
Medical/Dental
Cross Street 
St Claude, Rampart, Mandeville
Parking 
None
Sewer 
Public Sewer
SqFt Total 
3400
Utilities 
Water Not Available
Water Source 
None
Zoning 
HMC-2
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Exterior Features
Lot Features 
Corner LotCity 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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