This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

518/524 Governor Nicholls

2 Residential Properties Offered at £1,558,767 in New Orleans, LA

Investment Highlights

  • quantifies for historical building tax credit.
  • state tax up to 25% and federal tax credit up to 20 %
  • great property for 1031 exchange.

Executive Summary

SVN Urban Properties, in partnership with Cody Stringer with Reve Realtors, presents a redevelopment opportunity to acquire two apartment buildings, with compelling tax credit potential (***Part 1 of the tax credits is approved for both buildings***), located at 518 and 524 Governor Nicholls in the French Quarter of New Orleans.
**Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings**

Property Facts

Price £1,558,767
Price / SF £180.96 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 8,614 SF
Total Land Area 0.11 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
524 Governor Nicholls St, New Orleans, LA 70116 Residential 4,687 SF 1900 -
518 Governor Nicholls St, New Orleans, LA 70116 Residential 3,927 SF 1900 -
Show More > < Show Less
  • Listing ID: 32557660

  • Date on Market: 23/07/2024

  • Last Updated:

  • Address: 518/524 Governor Nicholls, New Orleans, LA

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}