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    1231 Decatur St New Orleans, LA 70116

    Sponsored
    For Sale
    $1,015,000

    Turnkey Business & Real Estate

    Property size:
    879 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents a fee-simple ownership of a thriving 879 square foot collectibles, gifts, jewelry, and antiques store in New Orleans' historic French Quarter. Located at 1231 Decatur Street, within the Paxton House Condominiums, this Class B commercial condominium boasts a strong pro-forma NOI of $71,358. The asking price of $1,015,000 includes the real estate, inventory, fixtures, furniture, and established clientele. Operating since 2001, this well-established business benefits from its prime location in the Vieux Carre Commercial District, attracting a loyal customer base and capitalizing on the city's robust tourism. The VCC-1 zoning ensures flexibility for future uses. This turnkey investment offers a unique blend of historical charm and established business success, making it an ideal opportunity for an owner-user seeking a profitable venture in a vibrant and sought-after location. The property's 879 square feet provide ample space for retail operations, and the included inventory and fixtures allow for immediate commencement of business. This is a rare chance to acquire a piece of New Orleans' rich history and thriving commercial landscape. The property is located in Orleans Parish, Louisiana, zip code 70116.

    Property Features for 1231 Decatur St

    General Information

    Property type
    Retail properties
    Square Feet
    879 SF
    Class
    B

    HighLights

    • $1,015,000 asking price for a fee simple ownership of a Class B retail condominium.
    • 879 square feet of retail space in a collectibles, gifts, jewelry & antiques store.
    • Turnkey investment opportunity including real estate, inventory, fixtures, furniture, and client list.
    • Located at 1231 Decatur St, New Orleans, LA 70116 in the Vieux Carre Commercial District.
    • Pro‑forma NOI of $71,358.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rare Finds Antique Store

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Daycare Center

    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
    -90.058879222585
    Latitude
    29.961239287387

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    FAQs

    What type of property is this?
    Retail property - Turnkey Business & Real Estate
    Where is this retail property located?
    The property is located at 1231 Decatur St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,015,000.
    What are key features of this property?
    This property features: $1,015,000 asking price for a fee simple ownership of a Class B retail condominium.; 879 square feet of retail space in a collectibles, gifts, jewelry & antiques store.; Turnkey investment opportunity including real estate, inventory, fixtures, furniture, and client list.
    Request Owner's contact information
    1231 Decatur St New Orleans, LA 70116
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    New Orleans, LA 70116
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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
    1231 Decatur St New Orleans, LA 70116
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