Restaurant Condominium in Arts
For Sale
$4,590,000
746 Tchoupitoulas St, New Orleans, LA 70130
Restaurant space in the Arts & Warehouse District for sale.
Property Size10,815 SF
Price / SF$424.41
Days on Market160
Property Features for 746 Tchoupitoulas St
General Information
Standard status
Active
Size
10,815 SF
Property subtype
Retail
Zoning
CBD-6
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1920
Listing Agency:
Compass - Mandeville
Listed By:
Chip Gardner · License #912124852
(985) 626-5695
Source:
Lacdb.resimplifi
Added: May 13
Changed: Oct 14
Last Checked: Oct 16 at 5:54AM
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 Compass - Mandeville
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Investment Insights
Based on property information with market context.
The ground floor restaurant condominium is available for purchase within the Julia Place Condominiums, a 5-story residential complex. The property is currently 100% leased to a single tenant operating as two restaurants: LeMoyne Bistro and Maria’s Oyster Bar. Historically, the space was occupied by Tommy’s Cuisine & Wine Bar under the same owner and business, functioning as a restaurant, bar, and event space. The property comprises three connected commercial condominium units, featuring multiple dining areas, two bars, and a kitchen. The property is located at the intersection of Tchoupitoulas Street and Julia Street, across from Emeril’s Restaurant in the Arts & Warehouse District. It is within walking distance of the Ernest C. Memorial Convention Center and minutes from the French Quarter.
Key Highlights
- Prime location in the Arts & Warehouse District, across from Emeril's Restaurant.
- Currently 100% leased to a single tenant operating two restaurants.
- Historically used as a successful restaurant, bar, and event space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,621
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,052,420
$3.1M
Cap Rate 7%
$2,180,300
$2.2M
Cap Rate 9%
$1,695,789
$1.7M
Market Conditions
NOI Build-Up for 10,815 SF
Gross rent
$207.6K $19.20/SF
− Vacancy
−$4.2K −$0.38/SF
EGI
$203.5K $18.82/SF
− OpEx
−$50.9K −$4.70/SF
NOI
$152.6K $14.11/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,052,420
Cap Rate 7%
$2,180,300
Cap Rate 9%
$1,695,789
Alternative Uses
Best Use
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,621 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,417 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,195
Businesses Nearby
304k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 66%
Groceries 16%
Shops & Services 11%
Dining 7%
Rouses Market
Groceries
49,050 visits/mo
0.5 miles
New Orleans Marriott Warehouse Arts District
Hotels & Casinos
29,429 visits/mo
0.2 miles
Exxon
Shops & Services
24,253 visits/mo
0.4 miles
Hotel Fontenot
Hotels & Casinos
20,339 visits/mo
0.3 miles
DoubleTree by Hilton Hotel New Orleans
Hotels & Casinos
18,904 visits/mo
0.4 miles
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant space in the Arts & Warehouse District for sale.
Where is this restaurant located?
The property is located at 746 Tchoupitoulas St New Orleans, LA.
What is the asking price?
The asking price for this property is $4,590,000.
What are key features of this property?
This property features: Prime location in the Arts & Warehouse District, across from Emeril's Restaurant.; Currently 100% leased to a single tenant operating two restaurants.; Historically used as a successful restaurant, bar, and event space.
