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Active
822 N RAMPART ST #101 New Orleans, LA 70116
3,043 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Condominium
Listing Status Active
Purchase Type For Rent
Square Footage 3,043 sqft
MLS Listing ID 2550909
HOA Y/N No
Year Built 1950
Property Sub-Type Condominium
Property Description
Located on the Rampart Street streetcar line, this expansive 3,043 SF ground-floor commercial space offers high-visibility in
a rapidly appreciating cultural corridor. Directly across from Louis Armstrong Park and the Mahalia Jackson Theater, the property sits two
doors from the historic J&M Recording Studio, recently acquired by the New Orleans Jazz & Heritage Foundation. With Bar Tonique as an
immediate neighbor and six high-end residential condos above, the site is perfectly positioned to capture heavy foot traffic from both locals
and visitors. The interior is a massive "white box" shell featuring a deep, flexible footprint with an existing sprinkler system. A continuous
wall of floor-to-ceiling glass windows provides a striking street presence, examples art gallery, boutique grocery, fitness studio, or
restaurant. Zoned VCC-2, the space supports a wide range of uses. To assist with build-out, ownership is offering an aggressive ramp-up
lease and will consider Tenant Improvement (TI) allowances for high-credit, long-term tenants. Lease Terms: Year 1 introductory base rent
is $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 the
total Year 1 monthly investment to approximately $4,235. This is an opportunity to have a significant French Quarter footprint well below
market averages. Owner will also consider a sale of the commercial condo unit. Rough estimates for major system build-outs are available
upon request. All measurements and intended use to be verified by Lessee.
a rapidly appreciating cultural corridor. Directly across from Louis Armstrong Park and the Mahalia Jackson Theater, the property sits two
doors from the historic J&M Recording Studio, recently acquired by the New Orleans Jazz & Heritage Foundation. With Bar Tonique as an
immediate neighbor and six high-end residential condos above, the site is perfectly positioned to capture heavy foot traffic from both locals
and visitors. The interior is a massive "white box" shell featuring a deep, flexible footprint with an existing sprinkler system. A continuous
wall of floor-to-ceiling glass windows provides a striking street presence, examples art gallery, boutique grocery, fitness studio, or
restaurant. Zoned VCC-2, the space supports a wide range of uses. To assist with build-out, ownership is offering an aggressive ramp-up
lease and will consider Tenant Improvement (TI) allowances for high-credit, long-term tenants. Lease Terms: Year 1 introductory base rent
is $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 the
total Year 1 monthly investment to approximately $4,235. This is an opportunity to have a significant French Quarter footprint well below
market averages. Owner will also consider a sale of the commercial condo unit. Rough estimates for major system build-outs are available
upon request. All measurements and intended use to be verified by Lessee.
Location
State LA
County Orleans
Interior
Heating None
Cooling None
Fireplace No
Exterior
Exterior Feature Sprinkler/Irrigation
Parking Features None
Water Access Desc Public
Building
Lot Description City Lot
Story 4
Foundation Slab
Sewer Public Sewer
Water Public
Others
HOA Name N Rampart Condos
Tax ID 822-NRAMPARTST101
