New Orleans, LA - New Orleans’ historic Carver Theater, recently renovated, is up for sale

posted by ThrHistoricalSociety on June 16, 2016 at 2:58 pm

From theadvocate.com: Two years after undergoing a full renovation intended to bring back its glory days of more than a half-century ago, the Carver Theater is up for sale.

Along with the well-known landmark itself, the $5.5 million asking price — about half of what was spent restoring the theater, which has no fixed seating but holds 925 people — includes additional properties that are both developed and undeveloped. Altogether, they span more than a block along Orleans Avenue.

The Carver Theater opened in a segregated New Orleans in 1950 as a moviehouse for black New Orleanians and was converted to a medical clinic in the 1980s. The clinic largely treated residents of the nearby Lafitte housing development.

Dr. Eugene Oppman, an optometrist, began leasing an office in the building in 1987. He bought it four years later and oversaw its renovation.

Since it reopened in 2014, the theater has hosted a mix of public and private events, including wedding receptions and musical performances.

Mayor Mitch Landrieu delivered his State of the City address there last year. More recently, Snoop Dogg performed a late-night show there during Jazz Fest. In addition to the 17,613-square-foot theater, the properties up for sale include a vacant two-story, 3,232-square-foot commercial building and a two-story, 4,020-square-foot commercial building that houses a bakery and a barbershop that are both leased until early 2019, according to Richard Stone, a broker with NAI/Latter & Blum Commercial in New Orleans.

The offering also includes four undeveloped lots.

“This property package is being offered at far below the acquisition and renovation costs,” Latter & Blum said in materials marketing the sale, “and represents a tremendous opportunity to acquire a local landmark with major historical and cultural significance.”

Oppman, 55, began considering selling the theater about eight months ago, he said Wednesday, and recently decided that it was “time to just move on.”

Read the whole story, with photo gallery, at: http://theadvocate.com/news/neworleans/neworleansnews/16115877-123/new-orleans-historic-carver-theater-recently-renovated-is-up-for-sale

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