BANKRUPTCY AUCTION - Blue Lagoon Guest House

SOLD - BANKRUPTCY AUCTION - Blue Lagoon 9-unit Guest House

4417 Dryades Street, New Orleans, LA



4417 Dryades Street, New Orleans, LA

Case No. 21-10315 Chapter 11 Eastern District of Louisiana

ONLINE BIDDING Dec. 8th - 13th




Details: BLUE LAGOON GUEST HOUSE, 9 guestrooms for rent plus a manager’s suite, 8208+/- SF, 2-story, hospitality property in Uptown New Orleans just off Napoleon Avenue. Across the street from Pascal’s Manale Restaurant and 3 short blocks from historic St. Charles Avenue. Features 16' x 40' indoor pool, bar, open living & kitchen area, 75’ x 25’ courtyard perfect for outdoor events. Furniture, fixtures, & equipment are also subject to sale. Licensed as a 9 Unit Bed & Breakfast, subject to Hotels-Motels Tax. Lot size 63’ x 150’.

Zoning: HU-B1 (Historic Urban Neighborhood Business District)

Legal: Lot 18-A, Square 477, 6th District, City of New Orleans

Terms: 10% Deposit Upon Contract Signing, 30-day Closing, Cash Sale, "AS IS, WHERE IS", Seller's Notary, 10% Buyer's Premium Added, $100,000 Wire or Cashier's Check Bid Deposit required, Starting Bid $750,000, Subject To Court Approval By 12/21/2022

Please contact SVN|Gilmore Auction & Realty for bid deposit wire instructions. All bid deposits will be held in the Lugenbuhl, Wheaton, Peck, Rankin, & Hubbard Trust Account.