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French Quarter Hotel Acquisition

623 Ursulines Ave, New Orleans, LA 70116

For Sale
$5,200,000

19-key hotel in the iconic French Quarter.

Property Size7,000 SF
Lot Size0.13 Acres
Price / SF$742.86
Days on Market271

Property Features for 623 Ursulines Ave

General Information

Standard status Active
Size 7,000 SF
Lot size 0.13 Acres
Property subtype Hospitality
Zoning VCR-2

Site & Location

Neighborhood Marigny
Listing Agency: NAI Rampart Commercial Real Estate New Orleans
Listed By: Reed Wiley · License LA BROK.995704349-ASA
Source: Lacdb.resimplifi
Added: Feb 17 Changed: Nov 9 Last Checked: Nov 12 at 4:13AM

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 NAI Rampart Commercial Real Estate New Orleans

Rey
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Investment Insights

Based on property information with market context.

Located at 623 Ursulines Ave in the French Quarter, this property presents a rare hotel acquisition opportunity. Currently operating as the Haunted Hotel, the property includes 19 keys within approximately 7,000 square feet of improvements. The site encompasses approximately 5,453 square feet and features a valuable outdoor courtyard space. This offering is suited for owner/operators and investors seeking a hotel in an iconic destination. The property is zoned VCR-2 (Vieux Carré Residential District). The property is to be sold in "as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents. All measurements are approximate and not guaranteed, and are to be verified by the purchaser. Zoning, Overlays, and Non-Conforming/Intended Use are to be verified by the purchaser.

Key Highlights

  • Rare French Quarter hotel acquisition opportunity.
  • 19 keys within approximately 7,000 SF of improvements.
  • Valuable outdoor courtyard space.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

The Haunted Hotel Hotel & Motel

Suggested Use

Top Pick Dental Office Home Appliance Store (Bike/Boat/Book/etc) Store Daycare Center Locksmith HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,185
Businesses Nearby

Demographics for 70116, LA

10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Hotel - 19-key hotel in the iconic French Quarter.
Where is this hotel located?
The property is located at 623 Ursulines Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Rare French Quarter hotel acquisition opportunity.; 19 keys within approximately 7,000 SF of improvements.; Valuable outdoor courtyard space.
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