Iconic French Quarter Restaurant Building

Retail-Commercial for Sale
Catylist Listing ID: 30630189
Property Subtypes: Restaurant
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: 1/19/2021

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. 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.

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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

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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.