Address: 121 Royal Street, New Orleans, LA, 70130
121 Royal is a 6,443 square foot development site located within a Qualified Opportunity Zone in the French Quarter of New Orleans. The property contains a 3,378 square foot clear vertical development site, and an 18,000+ square foot historic hotel building. Despite the enviable French Quarter location, the property enjoys permissive CBD-2 zoning that allows 12-stories / 120 foot massing, as well as hotel use as of right.
Permitted hotel site. Almost a $2,000,000 price reduction on purchase price. Strong hotel re-development platform with use of historic tax credits and opportunity zone benefits. Significant and impactful changes and developments in immediate neighborhood. Contact Broker for details.
Plans and full deal room available upon request.
Price: $4,875,000
Site Size: 6,443 SF
GBA: 18,749 SF
Keys: 98 (Proposed)
Bedrooms: 203 (Proposed)
Zoning: CBD-2
For further information or to schedule a showing please contact Parke McEnery 504-236-9542
