New Orleans, LA 70116,522 MADISON ST
New Orleans, LA 70116,522 MADISON ST
New Orleans, LA 70116,522 MADISON ST
New Orleans, LA 70116,522 MADISON ST
New Orleans, LA 70116,522 MADISON ST
New Orleans, LA 70116,522 MADISON ST
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Dillon Thompson

Dillon Thompson

EXIT Realty Group

+1(225) 717-5069
$ 2,350,000
Est. payment | /mo

7,260 SqFt


Save
$ 2,350,000
Est. payment | /mo
Save

7,260 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 7,260 sqft

Price per Sqft $323

Subdivision Vieux Carre

MLS Listing ID 2023018012

Construction Status Other See Remarks

Lot Size 2,613 Sqft

Lot Dimensions 40x65

Property Description

Built in 1827, This is one of the five buildings with entresol levels constructed for Louis McCarthy and designed by the French Architect, Louis H. Pilie. Adjoined to the rear of the Lower Pontalba, often cited as the oldest apartment buildings in the country, 522 Madison is located at the center of the Historical French Quarter and just a few minutes? walk to St. Louis Cathedral, Cafe Du Monde and numerous restaurants, bars, and museums. Located in the National Register District of the French Quarter, 522 Madison is eligible for National Registry Status. 522 Madison is an excellent opportunity for re-development utilizing State and Federal Historic Tax Credits or condominium conversion. Consisting of 10 1bd/1ba units, elevator, and laundry room, spread across two buildings that are separated by a common area courtyard; three (3) of the leases are currently month to month. The property also features a penthouse on the top level with exceptional rooftop views of the Mississippi River, the New Orleans skyline, and the vibrant French Quarter. Currently vacant, it is ready to be used as the new owner's personal retreat or as a unique draw for a potential tenant. Rents are currently below market creating an excellent opportunity for immediate value-add. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click ?Offering Memorandum? below. From there, you?ll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don?t already have an account, you can create one for free.***

Location

State LA

Parish Orleans

Area No Area

Building

Construction Status Other See Remarks

Schools

School District Orleans Parish

Listed by Elifin Realty

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Dillon Thompson

Agent | License ID: 0995699842

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522 MADISON ST