Listing Courtesy of: Logan Macrae - REVE, REALTORS 504-300-0700
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427 GRAVIER Street New Orleans, LA 70130

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General Commercial Residence
Beds
Baths
6,781 Sq. Ft.
0.06 Acre Lot
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Last updated on 9/25/2024 6:20 AM

Listing Details

427 Gravier presents an excellent investment opportunity. This permitted hotel property features six 2-bedroom, 2-bath units, each equipped with modern kitchens and laundry facilities. Renovated in 2019 with high-end finishes, this turnkey operation is situated in a prime location—just steps away fr...om the French Quarter, Caesar's Hotel & Casino, and all the attractions of downtown and the Central Business District. Currently, the property enjoys a steady growth trajectory, especially in the post-COVID market, with an impressive gross operating income of $505k in 2023 and $344k YTD for 2024 with projections to surpass last year’s numbers. The property is zoned CBD-2, offering potential for a range of uses and future growth. Additional financial information available upon request. Continue reading
MLS#
2461696
Property Type
General Commercial
Year Built
1880
Square Feet
6,781 sq. ft
Lot Size
0.06
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Listing Courtesy of: Logan Macrae - REVE, REALTORS 504-300-0700
Andrea Conner, License BROK.995692987-ACT, Xome Inc., License BROK.0995686178-CORP, AndreaD.Conner @xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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