1014 Rampart StNew Orleans, LA 70116

Property Details for 1014 Rampart St

Year built

1900

Lot size

0.09 AC

Property size (Sq ft)

1,348 SF

Property type

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.

• 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

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

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