Multifamily Housing
121 Royal Street New Orleans, LA 70130
Details & Description
Price: $7,250,000
    French Quarter Property with very attractive CBD Zoning! One of the last opportunities for a new lodging property in French Quarter. Designed by notable local architect, Thomas Sully, the 5-story masonry and cast iron building was originally constructed as the Cosmopolitan Hotel in 1892, and later became the Astor Hotel in 1925. Renderings and plans of a proposed restoration of the main building and construction of a new 13-story, 120 foot hotel tower at the rear of the property to create a 98 key hotel are available for review.
    Property ID:    217984
    Property URL: melqr.com/217984
    Generated:    04-25-24
    Additional Photos
    Listing Agents
    Gordon McLeod

    O: 504-717-3648
    gordon@mcenryco.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Louisiana / New Orleans / 70130 / 121 Royal Street

    121 Royal Street

    New Orleans, LA 70130

    Listing ID: 217984
    Print Single-Page Version
    • 121 Royal Street New Orleans, LA 70130 | for Sale | Photo 1
    • 121 Royal Street New Orleans, LA 70130 | for Sale | Photo 2
    • 121 Royal Street New Orleans, LA 70130 | for Sale | Photo 3
    • 121 Royal Street New Orleans, LA 70130 | for Sale | Photo 4
    121 Royal Street | for Sale | Thumbnail 1
    121 Royal Street | for Sale | Thumbnail 2
    121 Royal Street | for Sale | Thumbnail 3
    121 Royal Street | for Sale | Thumbnail 4
    Building Size: 5,000 SF
    Lot Size: 0.159 AC
    Land Size: 6,940 SF
    Building $/SF: $1,450.00
    Land $/SF: $999.00
    Price
    $7,250,000
    Description

    French Quarter Property with very attractive CBD Zoning! One of the last opportunities for a new lodging property in French Quarter. Designed by notable local architect, Thomas Sully, the 5-story masonry and cast iron building was originally constructed as the Cosmopolitan Hotel in 1892, and later became the Astor Hotel in 1925. Renderings and plans of a proposed restoration of the main building and construction of a new 13-story, 120 foot hotel tower at the rear of the property to create a 98 key hotel are available for review.

    Attachments & Files
    121-royal-street-om-3.23.21-QXy-w9H.pdf

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New Orleans History of Multifamily Housing for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment
    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    New Orleans Area Market Trends

    Listing Demographics for 121 Royal Street New Orleans, LA 70130

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population14,893182,635383,312
    Population Median Age464039
    Population by Age0-9 Yrs997 (6%)17334 (9%)42543 (11%)
    10-19 Yrs465 (3%)15688 (8%)38613 (10%)
    20-29 Yrs1955 (13%)30224 (16%)58519 (15%)
    30-39 Yrs2640 (17%)34294 (18%)64739 (16%)
    40-49 Yrs1875 (12%)22243 (12%)46517 (12%)
    50-59 Yrs2412 (16%)24192 (13%)50198 (13%)
    60-69 Yrs2346 (15%)22487 (12%)45684 (11%)
    70+ Yrs2203 (14%)16172 (8%)36499 (9%)
    Median HH Income$50,959$40,415$44,558
    Total Household Income< 24K2459 (28%)27362 (34%)49364 (31%)
    25-49K1791 (20%)17810 (22%)34884 (22%)
    50-74K994 (11%)11057 (14%)22756 (14%)
    75-99K939 (10%)6728 (8%)15121 (9%)
    100-199K1517 (17%)10675 (13%)23169 (14%)
    200K+898 (10%)4712 (6%)10403 (6%)
    Highest Education LevelNo Diploma11362125639022
    Diploma or GED21873061264147
    Some College22542692256463
    Assoc. Degree520599513153
    Bachelors Degree39203109459919
    Higher Degree27982238744692
    Total Housing Units14,861104,863194,271
    --Owner-Occupied3,32131,42075,025
    --Renter-Occupied5,27746,92480,671
    Owner-Occupied Values< 100K7633888280
    100-199K340729922514
    200-299K593634715276
    300-399K55650229598
    400-499K51935496104
    500K+1237581413252
    Total Working Age Population13,618156,151318,235
    In Work Force8,65197,252199,262
    Not In Work Force4,96658,898118,973
    Workforce Employed8,05088,935183,696
    Workforce Unemployed5727,85614,800
    Civlian Workforce8,62296,791198,496
    Military Workforce30461766
    Total Households8,59878,344155,696
    Family Households2,35631,10673,126
    Non-Family Households6,24247,23782,569
    Married Couple1,73617,68044,380
    Other Family62013,42628,746
    Married w/Child2535,12314,965
    Single Male w/Child351,0062,529
    Single Female w/Child3065,06511,073

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Jefferson Parish455,466-5432,552+4450,200+1454,670
    Lafourche Parish89,974+796,318095,990095,990
    Orleans Parish484,674-29343,829-26255,4400256,010
    Plaquemines Parish26,757-1423,042+1225,770+1329,130
    St. Bernard Parish67,229-4735,897-3822,210+122,480

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 121 Royal Street in New Orleans?
    The asking price for 121 Royal Street is $7,250,000
    What is the building size of this Multifamily property in New Orleans, LA?
    The size of the building/unit at 121 Royal Street in New Orleans is 5,000 square feet
    How much land does the New Orleans, LA property at 121 Royal Street include?
    121 Royal Street in New Orleans includes 0.159 acres of land
    What is the population within 1 mile of 121 Royal Street in New Orleans?
    The population within 1 mile of 121 Royal Street New Orleans, LA 70130 is 14,893 people.
    Who do I contact for questions about 121 Royal Street?
    You should contact the listing agent, Gordon McLeod, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    216 Chartres Street, New Orleans, LA $3,950,000 14615 0.34
    305 Decatur Street, New Orleans, LA CALL 8640 0.06
    618 North Rampart Street, New Orleans, LA $5,750,000 9012 -
    926 Chartres Street, New Orleans, LA $6,600,000 20412 0.29
    926 Chartres Street, New Orleans, LA $6,600,000 12741 -
    930 Melpomene Street, New Orleans, LA $769,000 2443 0.1
    1367 Annette Street, New Orleans, LA $318,000 1876 0.09
    2500 Freret Street, New Orleans, LA $2,500,000 14679 -
    1629 Washington Avenue, New Orleans, LA CALL 20000 -
    4425 Loyola Avenue, New Orleans, LA $625,000 3096 -

    Closest Commercial Airports

    Airport Distance (mi)
    Louis Armstrong New Orleans International Airport (MSY) 12
    Gulfport Biloxi International Airport (GPT) 67
    Lafayette Regional Airport (LFT) 116
    Price
    $7,250,000
    Listing Agent
    Gordon McLeod - CRE Agent at

    Gordon McLeod

    McEnery Co. Mandeville

    VIEW AGENT PROFILE

    CONTACT AGENT

    More listings from Gordon McLeod
    2502 Magnolia Street
    New Orleans, LA 70113
    Primary photo of 2502 Magnolia Street, New Orleans, LA
    $850,000
    • Type Industrial
    • Building SF 24,000
    • Lot AC 0.000
    4858 Magazine Street
    New Orleans, LA 70115
    Primary photo of 4858 Magazine Street, New Orleans, LA
    $890,000
    • Type Office
    • Building SF 1,460
    • Lot AC 0.000
    2400 Napoleon Avenue
    New Orleans, LA 70115
    Primary photo of 2400 Napoleon Avenue, New Orleans, LA
    $2,750,000
    • Type Specialty
    • Building SF 20,141
    • Lot AC 0.000
    Featured Local Vendors

    Share
    Other property types near New Orleans, LA
     • Commercial Real Estate For Sale in New Orleans, LA
     • Commercial Real Estate For Lease in New Orleans, LA
     • Office Space For Sale in New Orleans, LA
     • Office Space For Lease in New Orleans, LA
     • Industrial Property For Sale in New Orleans, LA
     • Industrial Property For Lease in New Orleans, LA
     • Flex-Office-Warehouse Space For Sale in New Orleans, LA
     • Flex-Office-Warehouse Space For Lease in New Orleans, LA
     • Retail Space For Sale in New Orleans, LA
     • Retail Space For Lease in New Orleans, LA
     • Multifamily Housing For Sale in New Orleans, LA
     • Specialty Real Estate For Sale in New Orleans, LA
     • Commercial Land and Lots For Sale in New Orleans, LA
     • Commercial Land and Lots For Lease in New Orleans, LA