Catylist ID:
#30630189
Iconic French Quarter Restaurant Building
Retail-Commercial
for Sale
Sale Pending
Also listed as Multi-Family, Office
| Catylist Listing ID: | 30630189 |
| Property Subtypes: | Restaurant |
| Status: | Pending |
| Building Size (RSF): | 12,060 SF |
| Gross Land Area: | 5,386 SF |
| Sale Price: | $6,500,000 |
| Unit Price: | $538.97 PSF |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/18/2022 |
Overview / Comments
|
Home for over 40 years to the world-renowned K-Paul's Louisiana Kitchen, this property offering represents a unique opportunity for an investor or restaurant operator to secure an iconic restaurant location in the heart of the New Orleans French Quarter. The three-story building includes two floors of dining for approximately 220 guests, two full kitchens, a prep kitchen and bakery. The second floor of 4,552 SF plus a beautiful covered outdoor gallery, as well as the 2,260 SF third floor could be separated from the first floor for alternative use - multi-family or office, with separate elevator access. All FF&E except for certain personal items is included. Note: the existing business and business name are not included in this offering. Contact agent for more information. |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | French Quarter |
| Tax ID/APN: | 41023379 |
| Zoning: | VCC-2 VIEUX CARRE COMMERCIAL DISTRICT |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Convention |
| Property Located Between: | Conti Street, St. Louis Street |
| Property Visibility: | Excellent |
| Feet of Frontage: | 42 |
| Area Description: | The French Quarter, also known as the Vieux Carré (French for Old Square), is the oldest and quintessential neighborhood in New Orleans. Founded in 1718, the entirety of the French Quarter, comprising some 78 square blocks, has never lost its sense of history, and has been designated as a National Historic Landmark. Still home to over 4,000 residents, upwards of 18 million world-wide visitors travel to the French Quarter annually. The property is located at 416-20 Chartres Street, a truly exceptional destination that is within walking distance to the best that New Orleans has to offer, including Jackson Square, Woldenberg Park, the Mississippi River, unique and plentiful shopping options, cultural exhibits, museums and numerous hotels. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Year Built: | 1834 |
| Year Renovated: | 1996 |
| Zoning Description: | The VCC-2 Vieux Carré Commercial District is intended to provide for retail and service establishments that attract and service local residents and visitors, permitting more intensive commercial uses than in the VCC-1 District, yet protecting the quality of life of the adjacent residential uses and the overall haracter of the Vieux Carré. This district includes the major shopping area of the Vieux Carré. |
| Lot Frontage: | 42 |
| Lot Depth: | 128.25 |
| Water Service: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 19,685 | 186,599 | 398,772 |
| Median Age: | 42.32 | 36.06 | 36.8 |
| Households: | 10,939 | 82,314 | 167,197 |
| The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
