822 N Rampart Street , #101

Description

Located on the Rampart Street streetcar line, this expansive 3,043 SF ground-floor commercial space offers high-visibility ina rapidly appreciating cultural corridor. Directly across from Louis Armstrong Park and the Mahalia Jackson Theater, the property sits twodoors from the historic J&M Recording Studio, recently acquired by the New Orleans Jazz & Heritage Foundation. With Bar Tonique as animmediate neighbor and six high-end residential condos above, the site is perfectly positioned to capture heavy foot traffic from both localsand visitors. The interior is a massive "white box" shell featuring a deep, flexible footprint with an existing sprinkler system. A continuouswall of floor-to-ceiling glass windows provides a striking street presence, examples art gallery, boutique grocery, fitness studio, orrestaurant. Zoned VCC-2, the space supports a wide range of uses. To assist with build-out, ownership is offering an aggressive ramp-uplease and will consider Tenant Improvement (TI) allowances for high-credit, long-term tenants. Lease Terms: Year 1 introductory base rentis $10.00/SF ($2,535/month), scaling to $15.00/SF ($3,802.50/month) in Year 2. Estimated NNN charges are $1,700/month, bringing thetotal Year 1 monthly investment to approximately $4,235. This is an opportunity to have a significant French Quarter footprint well belowmarket averages. Owner will also consider a sale of the commercial condo unit. Rough estimates for major system build-outs are availableupon request. All measurements and intended use to be verified by Lessee.