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Listed byCool Murphy, LLC • Desiree L McSwain • 504-321-3194
$ 2,535
Active
822 N RAMPART ST New Orleans, LA 70116
3,043 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 3,043 sqft
MLS Listing ID 2550909
HOA Y/N No
Year Built 1950
Lot Dimensions CONDO
Property Sub-Type Commercial
Source ROAM MLS
Land Area 3043
Property Description
Located on the Rampart Street streetcar line, this expansive 3,043 SF ground-floor commercial space offers high-visibility ina rapidly appreciating cultural corridor. Directly across from Louis Armstrong Park and the Mahalia Jackson Theater, the property sits twodoors from the historic J&M Recording Studio, recently acquired by the New Orleans Jazz & Heritage Foundation. With Bar Tonique as animmediate neighbor and six high-end residential condos above, the site is perfectly positioned to capture heavy foot traffic from both localsand visitors. The interior is a massive "white box" shell featuring a deep, flexible footprint with an existing sprinkler system. A continuouswall of floor-to-ceiling glass windows provides a striking street presence, examples art gallery, boutique grocery, fitness studio, orrestaurant. Zoned VCC-2, the space supports a wide range of uses. To assist with build-out, ownership is offering an aggressive ramp-uplease and will consider Tenant Improvement (TI) allowances for high-credit, long-term tenants. Lease Terms: Year 1 introductory base rentis $10.00/SF ($2,535/month), scaling to $15.00/SF ($3,802.50/month) in Year 2. Estimated NNN charges are $1,700/month, bringing thetotal Year 1 monthly investment to approximately $4,235. This is an opportunity to have a significant French Quarter footprint well belowmarket averages. Owner will also consider a sale of the commercial condo unit. Rough estimates for major system build-outs are availableupon request. All measurements and intended use to be verified by Lessee.
Location
Interior
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Available
Garage No
Building
Foundation Slab
Water Public
New Construction No
Others
Tax ID 822-NRAMPARTST101
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