Restaurant Condominium in Arts
746 Tchoupitoulas Street New Orleans, LA 70130
746 Tchoupitoulas Street, New Orleans, LA, 70130
Contact for pricing
For Sale
Contact for pricing
Restaurant space in the Arts & Warehouse District for sale.
Property Size10,815 SF
Price / SF$424.41
Days on Market66
Property Features for 746 Tchoupitoulas Street
General Information
- Standard status
- Active
- Size
- 10,815 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing Agency
The Chip Gardner & Herbert Dubuisson Group Compass
Listed by
Glenn "Chip" Gardner · License #912124852
Source
Crexi
Added: May 13 Checked: Jul 17 at 12:13 pm
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 The Chip Gardner & Herbert Dubuisson Group Compass
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.
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 | $207.6k | $19.20 |
| − Vacancy | −$4.2k | −$0.38 |
| EGI | $203.5k | $18.82 |
| − OpEx | −$50.9k | −$4.70 |
| NOI | $152.6k | $14.11 |
10,815 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tommy's Cuisine
Restaurant
746 Tchoupitoulas St ...
Parking Lot & Garage
Parking Lot
Condominium Complex
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FAQs
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 Street 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.
