Event Venue Restaurant with Parking
747 TCHOUPITOULAS Street New Orleans, LA 70130
747 TCHOUPITOULAS Street, New Orleans, LA, 70130
$7,500,000
For Sale
$7,500,000
Interconnected event venue/restaurant with commercial kitchen and restrooms plus a parking garage with storage areas.
Property Size28,577 SF
Price / SF$262.45
Days on Market124
Property Features for 747 TCHOUPITOULAS Street
General Information
- Standard status
- Active
- Size
- 28,577 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing agency
Compass Mandeville (COMP15)
(228) 216-8456
Listed by
Herbert Dubuisson · License #BROK.995682211-ASA
(228) 216-8456
Source
Xome
Added: Mar 21 Updated: Jul 21 at 5:07AM Checked: Jul 21 at 5:07AM
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 (COMP15)
Investment Insights
Based on property information with market context.
This interconnected mixed-use property includes an event venue/restaurant space known as The Gallery, along with a parking garage/warehouse component and one residential unit. The Gallery features a commercial kitchen, ample restrooms, and a bonus bridal suite, with landlord-owned furniture, fixtures, and equipment included.
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 just minutes from the historic French Quarter.
The parking garage/warehouse provides secure parking and storage areas that complement The Gallery for one interconnected property. Note: the offering is for the real estate only and not the operating business of The Gallery.
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 just minutes from the historic French Quarter.
The parking garage/warehouse provides secure parking and storage areas that complement The Gallery for one interconnected property. Note: the offering is for the real estate only and not the operating business of The Gallery.
Key Highlights
- Interconnected mixed‑use property with event venue/restaurant space plus a residential unit and a parking garage/warehouse
- Event venue/restaurant (The Gallery) includes a commercial kitchen, ample restrooms, and a bonus bridal suite
- Landlord‑owned furniture, fixtures, and equipment remain with the 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 | $548.7k | $19.20 |
| − Vacancy | −$11.0k | −$0.38 |
| EGI | $537.7k | $18.82 |
| − OpEx | −$134.4k | −$4.70 |
| NOI | $403.3k | $14.11 |
28,577 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.76M
$5.04M – $6.72M
NOI $403,279 @ 7.0% cap · market cap 5.38%
Second Best
Mixed Use
$5.51M
$4.82M – $6.43M
NOI $385,790 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$7.26M
$6.36M – $8.47M
NOI $508,433 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Interconnected event venue/restaurant with commercial kitchen and restrooms plus a parking garage with storage areas.
Where is this mixed-use property located?
The property is located at 747 TCHOUPITOULAS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Interconnected mixed‑use property with event venue/restaurant space plus a residential unit and a parking garage/warehouse; Event venue/restaurant (The Gallery) includes a commercial kitchen, ample restrooms, and a bonus bridal suite; Landlord‑owned furniture, fixtures, and equipment remain with the space
