13,500 SF Redevelopment Site - Downtown Gretna - Opportunity Zone!

Retail-Commercial for Sale
Catylist Listing ID: 30370727
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Street Retail, Vehicle Related, Other
Building Size (RSF): 4,800 SF
Gross Land Area: 13,500 SF
Sale Price: $310,000
Unit Price: $64.58 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2019

Overview / Comments

431 5th Street is a redevelopment offering in the heart of Downtown Gretna. This corner site has 90 feet of frontage along the east side of Lafayette Street and 150 feet along the north side 5th Street. Roughly 4,800 square feet of improvements are positioned on this 13,500 square foot site that would be a prime candidate for redevelopment. The location within the Opportunity Zone creates significant investment incentives. Owners may entertain long term lease options as well.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Westbank
Taxing Authority: Jefferson Parish Assessor
Tax ID/APN: Parcel ID #8100002509
Property Located Between: 4th Street & 6th Street
Property Visibility: Excellent
Largest Nearby Street: Huey P. Long Avenue
Highway Access: 1/2 mile north of Westbank Expressway
Site Description: The 13,500 square foot site has 90 feet of frontage along Lafayette Street and 150 feet along 5th Street.
Zoning Description: The C-1 Neighborhood Commercial District is composed of certain lands and structures used primarily to provide for the retailing of goods and the furnishing of selected services. Regulations for the district are intended to permit and encourage full development of necessary and desirable commercial uses. Compact shopping centers located in proximity to the residential areas to be served are encouraged in this district.
Lot Frontage: 150
Lot Depth: 90
Legal Description: Lots 8, 9 and 10, Square 8, City of Gretna, Jefferson Parish, State of Louisiana

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,488 160,589 388,158
Median Age: 36.95 36.09 36.21
Households: 6,318 67,326 156,780


Photograph of Listing Agent

Pat Browne III

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
Photograph of Listing Agent

S. Parkerson (Parke) McEnery

The McEnery Company New Orleans, LA 70112
LACDB Member
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