413 Decatur Street

This property is available for purchase either as an owner-occupied opportunity or as an income-producing investment in the heart of the French Quarter of New Orleans. This is a great opportunity to acquire a commercial building with a prime parking lot. The property consists of a three-story, general commercial building situated at 413-415 Decatur Street and an adjacent surface parking lot with 32 spaces located at 517-519 Conti Street. The building is currently leased to a single-tenant that primarily utilizes the retail space on the first floor with the unfinished space on the second and third floors for storage. Each floor is accessible via interior stairwells. (The building property’s site area is 4,134 square feet; it is rectangular in shape.) The Conti surface parking lot is currently leased. The access is via Conti Street and it is adjacent to the rear of the commercial building. The property is zoned VCC- 2, Vieux Carre Commercial District, in the City of New Orleans. Note these properties will not be split; it is one offering as a stock sale (not a typical asset purchase).