Retail-Commercial for Sale 3251 St Ferdinand St

For sale is a vacant mixed use property located in the Bywater Gentilly area and very centrally located to downtown and French Quarter.The property was developed in 1978 with an 11 500 sf commercial center that contained six retail spaces and 132 apartments. The property was vacated after Katrina. There has been a recent fire that demolished some of the buildings and damaged others bringing the total units standing down to 75.The property zoning has been verified and the complex can be totally rebuilt back to the 132 units and slabs are remaining for the missing buildings and can presumably be reused.The commercial building is in good structural condition and can be rehabbed very easily. It previously house a grocery laundromat hair salon and officesThe residential buildings range from poor to fair condition but all of them are currently structurally sound although some need immediate repair....

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