418 & 422 S Broad St, New Orleans, LA for sale

Investment Overview

418 & 422 S. Broad Avenue offers a unique opportunity for investors, developers, and owner-users. The offering includes an existing two-story building at 422 S. Broad and the adjoining vacant lot at 418 S. Broad, providing flexibility for immediate use, expansion, off-street parking, or future development. The first floor of 422 S. Broad was historically utilized as restaurant space, while the second floor was most recently occupied by an attorney’s office. The layout lends itself well to an owner-user looking to occupy a portion of the building while generating income from the remaining space. A restaurant operator could potentially convert the second floor to residential use, while an attorney or other professional user could occupy the upper floor and lease the ground-floor commercial space. The property may also offer additional upside through the potential use of eligible State and Federal Historic Tax Credits.

Investment Highlights

• All measurements are approximate/not guaranteed and are to be verified by the Purchaser/Buyer. Zoning, intended use, and all other pertinent info to be verified by the Purchaser/Buyer.