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Property profile & analytics
OFF-MARKET
Hotels

1900 Rampart St New Orleans, LA 70116

3,555 SF
Property ID
US36-2530929
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Total area 3,555 SF
UPID US36-2530929
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Serenity in the Marigny Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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