Address: 516-524 Governor Nicholls Street, New Orleans, LA 70116

An extraordinary French Quarter opportunity! This 150+ year old historic three and one half story building includes 15 units. Located just off Decatur Street and the historic French Market, the building is immediate to many of the Quarter’s famous dining and entertainment venues. The improvements consist of 15 units situated on three separate parcels of record. There are a total of two courtyard areas, as well as three open-air common hallways and stairwells. Balconies on both the second and third floor units fronting Governor Nichols St., as well as on the second floor of the rear units fronting the courtyards. Each unit has separately metered utilities. The unit mix is included in the offering detail. 516-524 Governor Nichols is an excellent opportunity for re-development utilizing State and Federal Historic Tax Credits or condominium conversion.

Price: $3,950,000

Gross Building Area: 15,224 SF

Net Rentable Area: 13,403 SF

Unit Count: 15

Gross Rent: $19,340 per month (based off existing below market rents and w/ current rents on vacancy)

Site Size: 71′ fronting Governor Nichols by a depth of 95′ (6,745 square feet approximately)

Zoning: VCR-2 – Vieux Carre Residential District

For further listing information or to schedule a showing, please contact Parke McEnery (504.236.9542) or Troy Hagstette (504.251.5719)

516 Governor Nicholls OM 5.24.21


Loopnet Link

Crexi Link