FOR SALE: Offers due August 30, 2019. Just blocks from the French Quarter and the heart of Frenchmen Street, this rare offering for sale is situated on the corner of Frenchmen and N. Rampart in the Marigny Triangle. The property measures approximately 12,800 SF of total land area with existing buildings measuring approximately 11,402 SF. The site is the former home of the Alois J. Binder Bakery, which was permanently closed in September 2018. The buildings were constructed after 1950 and are considered “unrated” by the New Orleans Historic District Landmarks Commission, meaning demolition may be approved. However, a redevelopment of the existing buildings utilizing federal and state historic tax credits may also be possible since the buildings are over 50 years old, and may be deemed “certified historic structures” by the National Park Service. The attractive HMC-2 Historic Marigny Zoning District permits a significant mixed use development with a maximum building height of 50 feet, a wide range of permitted commercial uses, and potentially up to 19 residential units based on the lot area per dwelling unit metrics in table 10-2 of the Comprehensive Zoning Ordinance. Outstanding re-development opportunity in a tremendous in-fill location.

 

Please contact Parke McEnery at 504-236-9542 or Gordon McLeod at 504-717-3648 for more information.

 

940 Frenchmen Street OM

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