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The Pythian 234 Loyola Ave

74 Unit Apartment Building For Sale New Orleans, LA 70112

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Investment Highlights

Great Location in the French Quarter.
Located within a Opportunity Zone.

Several restaurants, casion, Superdome, and business within the area.

Executive Summary

234 Loyola represents a rare opportunity to acquire a completely restored, highly relevant historic building in the heart of downtown New Orleans – at pricing considerably below replacement cost.
With 69 apartment units and commercial/office space spanning the lower 3 floors, this zoning advantaged property is uniquely well positioned for a variety of re-positioning scenarios including hotel / STR. It is located in immediate proximity to global tourism drivers including the French Quarter, Central Business District, The Convention Center, Superdome/Smoothie King Center, and Caesar’s Palace Casino.

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Property Facts Under Contract

Sale Type	Investment	Lot Size	0.34 AC
No. Units	74	Building Size	124,000 SF
Property Type	Multifamily	No. Stories	10
Property Subtype	Apartment	Year Built	2017
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Sale Type	Investment
No. Units	74
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	B
Lot Size	0.34 AC
Building Size	124,000 SF
No. Stories	10
Year Built	2017
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.