Mixed Use For Sale or Lease

Retail-Commercial for Lease
Catylist Listing ID: 30035119
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Contiguous Space: 2,825 SF
Building Size (RSF): 5,649 SF
Gross Building Area: See Agent
Lease Rate: $4,000 (Monthly)
$16.99 PSF (Annual)
Lease Types: Gross Lease
Last Updated: 11/16/2017

Overview / Comments

Features: Ground floor retail, three residential units upstairs. Parking area with ample off street parking. Fully renovated from studs out in 2016. 5,649 (+/-) total square footage.

Retail: Approximately 2,825 square feet available For Lease on ground floor.

Residential: Approximately 2,825 Square Feet on second floor.
Three units each housing 2 bedrooms and 1 bathroom.
Unit A is occupied in a one year lease for $1,000 per month.
Unit B is occupied in a one year lease for $900 per month
Unit C is currently vacant with a rental rate of $750 per month

Parking Adjacent vacant land at S. Broad Ave. and Fourth St. included in this parcel and provides ample parking.

Zoning:
HU-B1.

This zoning makes this property ideal for a Short Term Rental Air BnB Investor.

Per the City of New Orleans new Short Term Rental Zoning Restrictions, this property's zoning permits short term rental through all three tiers of the Short Term Rental Regulations:
1.) Accessory Short Term Rental,
2.) Temporary Short Term Rental,
as well as the tier with the least amount of restrictions;
3.) Commercial Short Term Rental where there is no limitation to the number of rental nights per license year.
See attachments for Short Term Rental Zoning Restrictions and property zoning map.

Retail Rental
Rate: $4,000 per month ($16.99 per square foot, gross.)

Sale Price $615,000 ($108.87 per square foot.)

Expand All Available Space

Suite: 1st floor 2,825 SF $4,000 (Monthly) Gross Lease
Space Available: 2,825 SF
Lease Rate: $4,000 (Monthly)
$16.99 PSF (Annual)
Lease Type: Gross Lease
Date Available: 2/1/2017
Space Type: Relet

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 29,666 189,275 414,535
Median Age: 31.51 36.54 37.3
Households: 10,053 84,590 176,792

Contact

Photograph of Listing Agent

Bryce French

Max J Derbes Inc New Orleans, LA 70123-3229
LACDB Member
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