Address: 4200 St. Claude Avenue, New Orleans, LA 70117
4200 St. Claude presents the sought after hotel licensed insured hospitality platform necessary to successfully navigate the City’s short term rental licensing confusion. This three-story asset contains 23 furnished bedrooms with 14.5 baths, washer/dryer in each unit, 6 secure parking spaces (with EV charger installed), as well as an elevator. In addition, the property has an automated Brivo/Yale lock system with automated controls for the HVAC and camera systems, and is also prewired for Wi-Fi. This property is uniquely well positioned for high performing REVPAR, with enclosed parking as a further added enhancement to the model. The driving value here, along with the permitting, is the completely new construction status of the offering. The replacement cost on replicating this asset today, along with the complexity of securing comparably located permitting will ensure limited competition inventory introduction; and strong asset performance. One of the highest grossing STR’s in the City is located on St. Claude in the Bywater, and there is no reason this asset cannot compete at the same level. This is a turn-key, permitted investment play with no realistically competitive inventory.
List Price: $4,250,000 ($343.27 per SF | $184,783 per Bedroom)
Net Rentable Area: 8,878 SF rentable area
Gross Building Area: 12,381 total SF
Unit Mix: Nine Units (9) with a total of twenty-three (23) bedrooms. Mix includes a five bedroom, six 2 bedroom units, and two 3 bedroom units.
Zoning: HMC-2 Historic Marigny/Treme/Bywater Commercial District. Hotel is a permissible use in this zoning.
Parking: 6 off-street covered & gated spaces (Including one EV charging space)
For further information please contact Pat Browne 504-250-3059 or Parke McEnery 504-236-9542
