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Unparalleled Frenchmen Street Development Opportunity

421 Frenchmen St New Orleans, LA 70116

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Overview

Unparalleled Frenchmen St development opportunity available for acquisition at the bustling intersection of Frenchmen and Decatur St. 421 Frenchmen Street serves as the gateway to the lively Frenchmen Street entertainment district in the Faubourg Marigny, an area renowned for its vibrant atmosphere, featuring popular live music venues, diverse restaurants, bars, coffee shops, and an array of local businesses, including record and book shops. This historic-tax-credit-eligible property offers a significant ±15,308 SF of improvements supplemented by an elevator shaft, all sited on a prime ±4,876 SF corner parcel. The site is currently zoned HMC-2 (Historic Marigny/Tremé/Bywater Commercial District) with RDO-1, AC-1, RIV overlays allowing for a multitude of uses. All measurements are approximate/not guaranteed and are to be verified by the purchaser. Tax Credits, Zoning, Overlays/Interim Zoning, and Intended Use are to be verified by the purchaser.

HMC-2 (Historic Marigny/Tremé/Bywater Commercial District)

The HMC-2 Historic Marigny/Tremé/Bywater Commercial District is intended to permit more intensive commercial uses than the HMC-1 District, yet protect the historic character of the Marigny/Tremé/Bywater area. The district includes the peripheral properties in Marigny/Tremé/Bywater that front on major traffic arteries and can provide access for more intense commercial uses. This district also allows higher residential densities when a project is providing significant public benefit.

For Sale

Retail
Sale Price
$4,500,000
Price Per SF
$294/SF
Building Size
15,308 SF
Acres
0.135 ac
Zoning
HMC-2
Building Class
B
Number of Buildings
1
Floors
3
Construction Type
Framed
Submarket
French Quarter
Nearest MSA
New Orleans-Metairie
Property Status
Existing
County
Orleans Parish
Created
2024-07-30
Updated
2025-10-01
Listing ID
0220ed7a
Parcel APN
37W100112