The Green House Inn - 1206 & 1212 Magazine Street, New Orleans, LA 70130

Opportunity to acquire a 19,019 gross square foot site in the Lower Garden District with an established bed and breakfast, income producing duplex, and owner maisonette.

The Green House Inn is a 11-room, interior corridor, Historic Bed & Breakfast initially a built in 1840 as a Greek Revival Side Hall Townhouse. Over the years, it has established a sterling reputation as a unique B&B offering old world charm with modern guest amenities. All rooms feature deluxe king sized beds, individual climate controls, flat screen TV’s, free Wi-Fi, complemented with original hard wood floors, exposed rafters, and bare bricks original to the property. The majority of the rooms have direct garden access via private entrances or balcony’s. The garden area features a therapeutic saltwater swimming pool with waterfalls, and oversized Jacuzzi. Current ownership has spent extensive capital to preserve the historic charm.

This is a well maintained property with an experienced staff and an established brand, offering great upside potential. 1206 Magazine Street is an excellent redevelopment opportunity, an investor can improve cash flow through: conversion into a banquet hall, conversion into a hotel (via an increase in number of rooms), or adding amenities to the bed and breakfast experience. The traditionally private pool area could be converted to a public access tropical oasis with poolside drink service and light fare, hosting weekly events, creating a destination for tourist and locals alike.