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    524 Rampart St New Orleans, LA 70112

    Sponsored
    For Sale
    $4,500,000

    Prime 0.34-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.34-acre commercial land parcel presents a unique development opportunity in New Orleans' vibrant French Quarter. Located at 524 N Rampart St, in Orleans Parish, LA 70112 (29.9591528, -90.0695284), this property boasts a highly visible location on the outer edge of the historic French Quarter, offering unparalleled access to the bustling Medical District, the Central Business District, and the trendy Marigny neighborhood. Zoned MU-HC (Mixed Use-Historic Core), the site allows for a diverse range of uses, including professional/business offices, restaurants, retail shops, and multi-family residential developments. Its strategic position along the Rampart-St. Claude streetcar route provides convenient public transportation access, connecting easily to Canal Street and the iconic St. Charles Avenue streetcar line. The surrounding area is rich with historic charm, featuring established restaurants, numerous hotels, and a thriving residential community. This prime location offers exceptional visibility and proximity to key areas, making it an ideal investment for developers seeking a high-impact project in a sought-after New Orleans location. The asking price is $4,500,000.

    Property Features for 524 Rampart St

    General Information

    Property type
    Land
    Lot Size
    14,810 SF

    HighLights

    • High‑visibility location.
    • Convenient access to the Rampart‑St. Claude streetcar line.
    • Prime location near the Medical District, Central Business District (CBD), and the Marigny neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0695284
    Latitude
    29.9591528

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    FAQs

    What type of property is this?
    Land - Prime 0.34-acre commercial lot.
    Where is this land located?
    The property is located at 524 Rampart St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: High-visibility location.; Convenient access to the Rampart-St. Claude streetcar line.; Prime location near the Medical District, Central Business District (CBD), and the Marigny neighborhood.
    Request Owner's contact information
    524 Rampart St New Orleans, LA 70112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    524 Rampart St New Orleans, LA 70112
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