1031 Saint Philip St - Storefront Retail/Residential FOR SALE


New Orleans, LA 70116- French Quarter
$1,999,000 USD
504-319-1452
1031 Saint Philip St, New Orleans, LA for Sale
$1,999,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | Request Cap Rate

1031 Saint Philip St
New Orleans, LA 70116
French Quarter


HIGHLIGHTS

  • Historic corner building located along the North Rampart Street corridor
  • Dual street frontage with strong visibility
  • Suitable for commercial or mixed-use redevelopment

OVERVIEW

Historic mixed-use redevelopment opportunity located along the North Rampart Street corridor at the edge of the French Quarter and Tremé. The property consists of an approximately 7,615 SF historic structure situated on a corner lot with frontage along North Rampart Street and St. Philip Street. Based on existing floor plans, the property contains approximately 10,000 SF of estimated rentable area. By direct measurement, the seller further estimates total usable area of approximately 11,581 SF, inclusive of conditioned interior space plus 50% allocation of gallery/balcony areas. Originally constructed circa 1870, the building retains substantial historic fabric including masonry bearing walls, heavy timber framing, original galleries, and full-length second-floor ironwork overlooking Rampart Street. Zoned VCC-2 (Vieux Carré Commercial District), the property allows a broad range of commercial, residential, and mixed-use configurations, subject to applicable approvals. Interior improvements are partially completed, providing flexibility for final build-out. A full-height third-level attic spans the structure and offers meaningful expansion potential for additional conditioned square footage, mezzanine space, or loft-style programming, subject to approvals. The building has received State and Federal Historic Tax Credit Part 1 approvals, confirming contributing historic status and eligibility for rehabilitation tax credits.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,399 SF

ZONING

VCC-2

APN/PARCEL ID

2-08-1-023-21

ASK ABOUT THIS PROPERTY

Chris TalbotTalbot Realty GroupMore Info
504-319-1452

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Chris TalbotTalbot Realty GroupMore Info
504-319-1452

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.