524 Rampart StNew Orleans, LA 70112

  • Land
  • 0.33 AC
For Sale
$4,500,000 View listing

Property Details for 524 Rampart St

Lot size
0.33 AC
Property type
Land
Property subtype
Commercial land
APN
207103516
APU
207103516

Description

This exceptional 0.34-acre commercial land parcel presents a unique development opportunity in New Orleans' vibrant French Quarter. Located at 524 N Rampart St, in Orleans Parish, LA 70112 (29.9591528, -90.0695284), this property boasts a highly visible location on the outer edge of the historic French Quarter, offering unparalleled access to the bustling Medical District, the Central Business District, and the trendy Marigny neighborhood. Zoned MU-HC (Mixed Use-Historic Core), the site allows for a diverse range of uses, including professional/business offices, restaurants, retail shops, and multi-family residential developments. Its strategic position along the Rampart-St. Claude streetcar route provides convenient public transportation access, connecting easily to Canal Street and the iconic St. Charles Avenue streetcar line. The surrounding area is rich with historic charm, featuring established restaurants, numerous hotels, and a thriving residential community. This prime location offers exceptional visibility and proximity to key areas, making it an ideal investment for developers seeking a high-impact project in a sought-after New Orleans location. The asking price is $4,500,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,648,664
    Hospitality
    $2,426,162
    Educational
    $2,018,538
    Medical
    $2,087,959
    Retail
    $3,139,949
524 Rampart St, New Orleans, Louisiana

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
29.9591
Longitude
-90.0692
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
-
$87,550
-
$87,550
-
$875,500
-
$875,500

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