Historic Mixed-Use Redevelopment Opportunity | French Quarter Edge | Approved Historic Tax Credits

About this lot

Approved Historic Tax Credits | French Quarter Edge | Creative Financing / Assumable Debt / $1,157,484 State Historic Tax Credit Reservation is appropriated for this property! Property located at 1031 Saint Philip Street and 1000 N. Rampart Street, New Orleans, LA 70116 A distinctive historic redevelopment opportunity situated at the prominent intersection of North Rampart Street and St. Philip Street, along the edge of New Orleans’ French Quarter and Tremé. Originally constructed circa 1870, this historic corner property features approximately 11,500 SF, dual street frontage, and valuable off-street parking. Based on existing floor plans, the property contains approximately 10,000 SF of estimated rentable area. The seller estimates approximately 11,581 SF of total usable area, including conditioned interior space and partial allocation of gallery and balcony areas. Buyer to verify all measurements and square footage. The property retains significant historic architectural character, including masonry bearing walls, heavy timber framing, and full-length wrought-iron galleries overlooking North Rampart Street. A full-height third-level attic provides additional potential for an expanded redevelopment plan. Currently vacant and partially improved, the property offers an exceptional opportunity for residential, commercial, hospitality, or mixed-use redevelopment, subject to applicable approvals and restrictions. The property has received Part 1 approval for both Federal and State Historic Tax Credit programs and is zoned VCC-2, providing flexibility for a variety of potential uses. Creative financing / assumable debt opportunity available. Property sells as-is. Investment Highlights Prominent corner location at North Rampart St. & St. Philip St. French Quarter / Tremé edge location Historic circa-1870 construction Approximately 7,615 SF enclosed structure Approximately 10,000 SF estimated rentable area Seller-estimated 11,581 SF total usable area Full-height third-level attic with expansion potential Federal & State Historic Tax Credit Part 1 approvals VCC-2 zoning Dual street frontage Off-street parking Vacant and partially improved Mixed-use redevelopment potential Creative financing / assumable debt Offered as-is View Documents tab for current condition plans, actual bid estimate to repair the exterior of the building, proposed design options, and HTC tax credits. Questions? The high bidder will be notified within 24 hours if the high bid is approved.