Mixed-Use Hospitality and Restaurant
2483 ROYAL Street New Orleans, LA 70117
2483 ROYAL Street, New Orleans, LA, 70117
$2,099,000
For Sale
$2,099,000
Ground-floor restaurants are leased with an ABC permit, while the upper level operates as a fully licensed B&B.
Property Size5,420 SF
Price / SF$387.27
Days on Market133
Property Features for 2483 ROYAL Street
General Information
- Standard status
- Active
- Size
- 5,420 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1860
Listing agency
(504) 616-6516
Listed by
Jon Huffman Real Estate
(504) 616-6516
Source
Xome
Added: Mar 11 Updated: Jul 20 at 5:13PM Checked: Jul 21 at 2:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jon Huffman Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes two successful ground-floor restaurants and a professionally managed, fully licensed bed-and-breakfast on the top floor. The restaurants are leased to a third-party operator and are offered with a full ABC permit. The B&B is licensed and transferable to the buyer, with the business operating as a fully licensed B&B (not an STR permit). Six B&B units are beautifully furnished and feature a deep wraparound balcony overlooking Royal Street, with all future bookings to be transferred to the new owner.
The property is in the center of the Marigny entertainment district and is described as an easy walking distance to top restaurants, music clubs, and the French Quarter.
The seller prefers to sell as a package deal with the 6-unit long-term rental building next door (MLS #2547657 2477 Royal). Please do not contact tenants directly at the property.
The property is in the center of the Marigny entertainment district and is described as an easy walking distance to top restaurants, music clubs, and the French Quarter.
The seller prefers to sell as a package deal with the 6-unit long-term rental building next door (MLS #2547657 2477 Royal). Please do not contact tenants directly at the property.
Key Highlights
- 2 ground‑floor restaurants with ABC permits; leased to a third‑party operator
- Top floor operates as a fully licensed B&B with a transferable B&B license (not an STR permit)
- B&B features 6 furnished units with a deep wraparound balcony overlooking Royal Street
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.1k | $19.20 |
| − Vacancy | −$2.1k | −$0.38 |
| EGI | $102.0k | $18.82 |
| − OpEx | −$25.5k | −$4.70 |
| NOI | $76.5k | $14.11 |
5,420 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.09M
$956.1K – $1.27M
NOI $76,487 @ 7.0% cap · market cap 3.64%
Second Best
Hotel Hospitality
$291.3K
$254.9K – $339.8K
NOI $20,390 @ 7.0% cap · market cap 0.97%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,431 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Balcony Guest House ...
Bed & Breakfast
Schiro's Cafe
Cafe & Coffee Shop
Mexican Delicious
Restaurant
Silk Road Restaurant ...
Restaurant
KC Management Services
Property Management Company
Similar For Sale Nearby
Similar Off Market Nearby
- Andrew Jackson Hotel®, a French Quarter Inns® hotel — 919 Royal St, New Orleans, LA 70116
- royal sonesta hotel — 527 Dumaine St, New Orleans, LA 70116
- Le Voyage Hotels — 510 St Louis St, New Orleans, LA 70130, United States
- the meridien hotel — 700 decatur st, new orleans, la 70116
- omni riverfront new orleans — Bourbon St, New Orleans, LA 70116
FAQs
What type of property is this?
Bed & breakfast - Ground-floor restaurants are leased with an ABC permit, while the upper level operates as a fully licensed B&B.
Where is this bed & breakfast located?
The property is located at 2483 ROYAL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: 2 ground‑floor restaurants with ABC permits; leased to a third‑party operator; Top floor operates as a fully licensed B&B with a transferable B&B license (not an STR permit); B&B features 6 furnished units with a deep wraparound balcony overlooking Royal Street
