1900 Rampart St New Orleans, LA 70116
This exceptional New Orleans hospitality property, located at 1900 N Rampart St, offers a unique blend of luxury and convenience. Boasting 3,555 square feet on a 2,079 square foot lot, this two-story building features six bedrooms and seven bathrooms, perfectly suited for a boutique hotel or high-end bed and breakfast operation. Renovated in 2020, the property includes an oversized kitchen and dining area, designed to maximize efficiency and guest experience. The second floor offers a host-friendly layout, complete with a private patio, hot tub, and steam room. The property's HMR-1 zoning allows for flexibility in its future use, with the potential for conversion to residential use if desired. Currently operating as a successful B&B, the property is available for $999,000 ($281.01 per square foot). The property's prime location, just steps from the French Quarter, ensures high occupancy rates. The current operator is relocating, but may be available to continue providing luxury spa services. This turnkey opportunity presents a rare chance to acquire a well-established, high-performing hospitality business in a vibrant and desirable location. The anticipated occupancy date is August 20, 2024.
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Serenity in the Marigny Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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