301 St. Charles Avenue, a mixed-use retail and commercial site is back on the market after a deal fell through back in January. The free-standing, 32,588 square foot building is priced at $4.75 million, or $145.76 per square foot, for sale or $12.50 per square foot to lease.
Listing agent and executive VP of The McEnery Company S. Parkerson (Parke) McEnery said they held a call for offers in January and received seven offers. McEnery went into and Letter of Intent (LOI) with a high end lodging operator that was proposing a long-term master lease of the building. According to McEnery, the deal with potential buyers did not go through because of internal issues on their end.
The building has significant historic value as it is situated along the famous streetcar route in downtown New Orleans. McEnery says it’s the ideal property for hotel and multi-family re-development, or even continued use as office and retail space.
“The building ownership looks forward to the formalization of what has been significant and broad market interest. We are excited to bring the building back to market with a set a list price of $4.75 million, and remain ready to accommodate the present and future interests,” McEnery told Canal Street Beat.
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[…] 4 story building at 301 St. Charles Ave. went back on the market in May after another deal fell […]