INVESTMENT PORTFOLIO (3 PROPERTIES) INCLUDES BILLBOARD LEASE

Retail-Commercial for Sale
Catylist Listing ID: 30181975
Property Subtypes: Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 50,279 SF
Gross Building Area: See Agent
Sale Price: $3,250,000
Unit Price: $64.64 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 3/31/2020

Overview / Comments

HIGH VISIBILITY PROPERTY. SOLD AS A PORTFOLIO OR MAY BE SPLIT UP!

WOW! This incredible Investor/Owner opportunity includes 3 parcels on busy Westbank Expy. Great visibility & access right off of Expressway. Billboard lease on property brings in 20k annually. Property has endless possibilities. Perfect for any investor! USES INCLUDE, BUT NOT LIMITED TO: INDUSTRIAL, OFFICE, WAREHOUSE OR DISTRIBUTION.
Total leasable area:
• Land 158,482
• bldg 50,279
ATTRACTIVE PRICE PSF OF $79.46 W/A CAP RATE OF 8-10% when fully leased (presently 90% leased).

Dwell NOLA Realty Metairie, LA. (504)301-2400 licensed in Louisiana

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Tax ID/APN: JP-3149170
Zoning: C
Property Visibility: Excellent
Total Number of Buildings: 4
Property Condition: Excellent
Zoning Description: C2
Legal Description: LOTS A-2A, A-2B & A-2C WESTSIDE TERRACE & LOT 11-A-1 SQ 413 HIGHWAY PARK

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,021 164,527 371,102
Median Age: 36.19 36.57 36.05
Households: 6,693 67,502 148,306

Contact

Photograph of Listing Agent

Traci Kestler

Dwell NOLA Realty Metairie, LA 70002
LACDB Member
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