1231 Decatur St Sta, Unit A New Orleans, LA 70116-2607

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70116
1231 Decatur St Sta

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1231 Decatur St Sta, Unit A, New Orleans, LA 70116-2607

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Office Spaces
879 SF
0.01 lot acres

Off-Market

Property ID

US36-0018461

Value Estimations

Cap Rate Potential

Location Intelligence

Current Use by Public Records

Office Spaces

Property Details for 1231 Decatur St Sta

Year built: 1820
Lot size: 0.01 lot acres
Property type: Office Spaces
APN: 208100416
APU: 208100416

Sales History

Date	Price	Buyer	Seller	Deed Type	Mortgage
Jul 18, 2007	$124,000	Donald L Rathmell JR.	Paxton House LLC	Grant Deed	$99k · Eustis Mortgage Corp

Description

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.

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Local Demand

City: New Orleans
County: Orleans
State: Louisiana
Longitude: -90.059
Latitude: 29.9614
CBSA code: 35380
CBSA name: NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date

Tax Amount

Assessed Land Value

Assessed Improvement Value

Total Assessed Value

Applied Tax Rate

Land Market Value

Improvement Market Value

Total Market Value

$0.00

$2,260

$33,990

$36,250

$22,600

$226,600

$249,200

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