617 Frenchmen Street Listing Details & Market Data

Faubourg MarignyNAI Latter & Blum is pleased to offer the opportunity to lease this dynamic location in the Frenchmen Street corridor of New Orleans, LA. The owner’s vision is to combine the two existing separate lots into a single lot of record, maintain the existing HMC-1 (Historic Marigny/Tremé/Bywater Commercial District) zoning and seek a conditional use waiver to allow for a total of 5,000 SF of improvements on the newly combined lot. Such a re-subdivision would thereby facilitate the preservation of the open space currently utilized by the Arts Bazaar and would allow for development of a restaurant with indoor and outdoor seating, a primary entrance on Frenchmen Street that would satisfy ADA requirements, and additional access/egress on Chartres Street. Under this scenario, the maximum allowable commercial development of the entire combined site is 5,000 square feet, and the open public space on Frenchmen Street would therefore be maintained, creating a break in the dense concentration of bars and restaurants that define the Frenchmen Street streetscape. The owner of the highly popular Frenchmen Art Bazaar now leasing the property has already expressed a desire to continue to operate the market for whoever takes on this development opportunity. Property addresses are 617-19 Frenchmen Street (the 5,736 SF lot), and 2113-15 Chartres Street (a 2,365 SF commercially zoned raised double (excluding porches) contiguous to the 617-19 Frenchmen Street land.