New Orleans, LA 70130
MLS# NO2534007
3010 sqft
Property Description
Stirling is pleased to bring to market 1931-33 Sophie Wright Place, offering a chance to own a fully leased, turn-key mixed-use investment property in one of New Orleans' most dynamic and desirable neighborhoods. Positioned on the park-lined Sophie Wright Place, this mixed-use building features a stable ground-floor retail tenant and a high-performing, licensed short-term rental unit with a potential gross revenue of over $100,000 annually. There is also a bonus studio apartment located in the rear of the property: a potential value-add. The property also features a small backyard for outdoor entertaining. The property sits in the heart of the vibrant Lower Garden District, a walkable, historic enclave known for its blend of classic architecture and modern lifestyle appeal. Surrounded by boutique retailers, design shops, fitness studios, and some of the city's most acclaimed restaurants and cafes, the location attracts both locals and visitors year-round. Neighboring famed Magazine Street and Coliseum Square reinforce the area's steady foot traffic and sustained tenant demand. Strong neighborhood demographics, continued residential and commercial growth, and excellent visibility make 1931-33 Sophie Wright Place a standout long-term hold for any portfolio. With minimal landlord responsibilities and diversified income streams, this asset is ideal for investors seeking strong cash flow in a tightly held submarket. Square Footage Breakdown: TOTAL RSF: 3,010 SF Ground Floor Retail Tenant: 866 SF Ground Floor Studio Apt: 410 SF Second Floor Apartment: 1,734 SF
Epak Last Updated: December - 29 - 2025
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