Description
Sold in July, 2022.
Located just steps from Magazine Street, 1108-1112 Amelia Street offers a fully leased four-plex with valuable HU-B1 commercial zoning for sale. The property is updated throughout and features all 2 bedroom 1 bathroom units. Off-street parking is available for 6 vehicles. All units are on month-to-month leases and below market rate, and tenants have expressed interest in re-signing. All units are separately metered, although currently, ownership is paying for one unit’s utilities. Maintain as a rental property or convert to commercial – office, retail, etc.
The property is located just off of the best stretch of Magazine Street and is in close proximity to Tasc, Bouligny Tavern, Lillete, Baru, Billy Reid, Marine Layer, Untuckit, LuluLemon, Spirit Wine, and a host of other national and local retailers, restaurants, and galleries. Some of the strongest demographics in the city are within a 3-minute drive.
Gross revenue in 2021 will be $67,200.
See linked 1110 Amelia Street Brochure for additional information.
ZoningHU-B1
Property Size3,969 SqFt
Property TypeCommercial
Address
Address: 1110 Amelia Street
City: New Orleans
Parish: Orleans
Zip Code: 70115
Neighborhood: Magazine Street
