Freret Commercial Investment For Sale
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30835822 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
1,760 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
4,530 SF
|
| Sale Price: |
$575,000 |
| Unit Price: |
$326.70 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/20/2024 |
Overview / Comments
Located in the heart of the Freret Street traffic, 4921 Freret Street offers a fully leased investment property. The 2-unit property is master leased by a single tenant who operates a vape/smoke shop in the front with a 1-bedroom apartment in the rear. The raised shotgun-style property features ample off-street parking, rear and side yards, excellent street presence, and enjoys healthy income from its tenant. The lease term expires in 2024, with an option for the tenant to renew for an additional 3-year term.
The property is located less than a mile from Tulane and Loyola Universities, as well as Sacred Heart, Lusher, and Newman high schools, making it a prime destination for students and locals. Additionally, the property is within walking distance to Freret Street’s best spots, including Cure, Dat Dog, Good Bird, High Hat, and many more.
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Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Uptown-Garden District |
| Tax ID/APN: |
614331322 |
| Zoning: |
HU-MU |
| Property Visibility: |
Good |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
35,613 |
176,399 |
393,836 |
| Median Age: |
33.4 |
35.9 |
37.3 |
| Households: |
14,489 |
76,412 |
167,228 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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