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2042 PRYTANIA STREET

2042 PRYTANIA STREET

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Page 1: 2042 PRYTANIA STREET

2042 PRYTANIA STREET

Page 2: 2042 PRYTANIA STREET

2042 PRYTANIA ST.

PRYTANIA ST.

ST. CHARLES AVE.

JOSEPH

INE ST.

JACKSO

N A

VE.

ST. ANDREW ST.

ST. MARY ST.

FELICITY ST.

COLISEUM ST.

PH

ILIP S

T.

Page 3: 2042 PRYTANIA STREET

2042 Prytania St (former Zara’s Marketbuilding) represents a great opportunity to own a fully renovated, mixed-use investment property in the Lower Garden District. Located on the corner of Prytania and Josephine Streets, this property was gutted and completely renovated from 2015 - 2016. It features 5 fully furnished apartment units above one ground-level commercial space.

Apartment Units - Four – 1 BR/1 BA - One – 2 BR/1 BA - Each unit is separately metered and includes its own washer/dryer - Fully furnished (sale includes all FF&E) - Potential to convert building to condos

Commercial Unit - 4,426 sf - Separately metered electric, water and gas - Recently leased to Tenant who will be operating a neighborhood market Size: 7,173 sf

Zoning: HU-MU

ASKING PRICE$1,900,000

Page 4: 2042 PRYTANIA STREET

2042 PRYTANIA ST.

Form

SKT

.BLD

SKI -

"TO

TAL"

app

rais

al s

oftw

are

by a

la m

ode,

inc.

- 1

-800

-ALA

MO

DE

37.8

'

120.4'

36.6

'

104'

1.2

' 16.4'

Inte

rior

Dim

ensio

ns &

Com

ponents

Are

Appro

xim

ate

(35.5

x53)

Open A

rea

(19x22)

Deli

Tra

sh(8

x12)

Coole

r

ClosetCl

(8x6)

Offic

e

(10x13)

Coole

r

Cl

(9x13)

(20x23)

B.O

.H

TO

TAL

Ske

tch b

y a la m

ode, in

c.A

rea

Ca

lcu

lati

on

s S

um

ma

ry

Liv

ing

Are

aC

alc

ula

tio

n D

eta

ils

First

Flo

or

4426.3

Sq f

t 3

7.8

× 1

6.4

=

619.9

104 ×

36.6

= 3806.4

To

tal

Liv

ing

Are

a (

Ro

un

de

d):

44

26

Sq

ft

2042

Pry

tani

a St

reet

B

uild

ing

Sket

ch

FIRST FLOOR COMMERCIAL

Page 5: 2042 PRYTANIA STREET

2042 PRYTANIA ST.

Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Building Sketch (Page - 2)

3.9'4.3'3.9'

9.5

'

5'

32.7'

5'

32.4

'

12.3'26.7

'12.2'

Balcony

Balc

ony

Hall

ClCl

(15.5x11)Liv/Kit

(15.5x11)Liv/Kit

(15.5x10)Bedroom

(15.5x10)Bedroom

Unit AUnit B

Unit DUnit C

(11.5x11)Bedroom

(11.5x11)Bedroom

(11.5x9)Kit

(11.5x9)Kit

Interior Dimensions & Components Are Approximate

TOTAL Sketch by a la mode, inc. Area Calculations Summary

Living Area Calculation Details

Hall 245 Sq ft 32.7 × 6.1 = 198.3

3 × 15.4 = 46.2

0.5 × 1 × 1 = 0.5

Unit #C 505.7 Sq ft 16.3 × 29.4 = 479.8

3 × 8.6 = 25.9

Unit #B 328.4 Sq ft 12.3 × 26.7 = 328.4

Unit #A 325.7 Sq ft 12.2 × 26.7 = 325.7

Unit #D 508.3 Sq ft 16.4 × 29.4 = 482.8

3 × 7.7 = 23

1 × 2 = 2

0.5 × 1 × 1 = 0.5

Total Living Area (Rounded): 1913 Sq ft

Non-living Area

Balcony 37 Sq ft 9.5 × 3.9 = 37

Balcony 163.5 Sq ft 32.7 × 5 = 163.5

Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Building Sketch (Page - 3)

11.5'

3' 17.1'

24.1

'

6.5'7.6'

6.7'

6.9'

23.8

'

Interior Dimensions & Components Are Approximate

ClCl

Cl

(15.5x9.5)Bedroom

(15.5x9.5)Bedroom

Cl

(15.5x13)Liv/Kit

Unit E

TOTAL Sketch by a la mode, inc. Area Calculations Summary

Living Area Calculation Details

Unit #E 834 Sq ft 11.5 × 3 = 34.5

6.7 × 6.4 = 42.9

6.5 × 4.4 = 28.6

32.7 × 19.7 = 644.2

3.7 × 7.6 = 28.1

4.1 × 13.6 = 55.8

Total Living Area (Rounded): 834 Sq ft

SECOND FLOOR THIRD FLOOR

Page 6: 2042 PRYTANIA STREET

2042 PRYTANIA ST.

Page 7: 2042 PRYTANIA STREET

2042 PRYTANIA ST.

Page 8: 2042 PRYTANIA STREET

2042 PRYTANIA ST.

WAREHOUSE DISTRICT

CBD

FRENCH QUARTER

UPTOWN

LOWER GARDENDISTRICT

GARDENDISTRICT

IRISHCHANNEL

AUDUBONPARK

CENTRAL CITY

TULANE & LOYOLAUNIVERSITIES

Page 9: 2042 PRYTANIA STREET

2042 PRYTANIA ST.

2020 DEMOGRAPHICS

DRIVE TIME 5 MINS 10 MINS 15 MINSPopulation 54,878 152,493 319,654 Average HHI $85,660 $87,762 $83,912 Daytime Pop 67,592 131,906 210,833

15 min drivetime

10 min drivetime

5 min drivetime

Page 10: 2042 PRYTANIA STREET

JACK E. EGLÉ1470 URANIA STREET

NEW ORLEANS, LA 70130

504.586.8305 - O

504.343.8423 - M

[email protected]