1014 Rampart StNew Orleans, LA 70116

  • Office properties
  • 1,348 SF
For Sale
$1,895,000 View listing

Property Details for 1014 Rampart St

Year built
1900
Lot size
0.09 AC
Property size (Sq ft)
1,348 SF
Property type
Office properties
Property subtype
Office buildings
APN
208102318
APU
208102318

Description

This exceptional Class A retail property, located at 1014 N Rampart St in New Orleans' vibrant French Quarter (Vieux Carré Commercial District, VCC-2 zoning), presents a unique investment opportunity. The 2,431 square foot, fully furnished restaurant, formerly "Bijou Restaurant & Bar," underwent a complete renovation in 2021. Boasting a 134-person seating capacity, the space includes a bar, food counter, and five restrooms (four downstairs, one upstairs). Accordion doors open to a spacious patio, ideal for outdoor dining. A second-floor office/flex space provides additional utility. The property sits on a 4,050 square foot lot and is currently vacant. This turnkey operation includes all furniture, fixtures, and equipment (FF&E), and restaurant supplies, making it ready for immediate occupancy. Owner financing and lease purchase options are available. The high foot traffic of this prime location, a popular destination for both tourists and locals, ensures strong potential for success. The asking price is $1,895,000, with a price per square foot of $779.51. This is a rare chance to acquire a fully equipped, renovated restaurant in the heart of New Orleans' most sought-after district.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $213,768
    6.5%
    $197,324
    7%
    $183,230
  • Comparable approach

    Method
    Valuation
    Relative Method
    $102,827
    Geo Method
    $95,829
  • Alternative Use

    Use
    Valuation
    Residential
    $244,682
    Hospitality
    $224,127
    Educational
    $186,471
    Medical
    $192,884
    Retail
    $290,067
1014 Rampart St, New Orleans, Louisiana

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
29.9631
Longitude
-90.0657
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$22,790
$16,010
$38,800
-
$227,900
$106,700
$334,600

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