French Quarter Mixed-Use Building
Retail-Commercial
for Sale
| Catylist Listing ID: |
30781227 |
| Property Subtypes: |
Mixed Use, Other
|
| Building Size (RSF): |
7,479 SF
|
| Gross Building Area: |
8,167 SF |
| Gross Land Area: |
3,443 SF
|
| Sale Price: |
$3,350,000 |
| Unit Price: |
$447.92 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
46 |
| Last Updated: |
6/23/2022 |
Overview / Comments
|
This building was completely renovated in 2014 and has a 3,462 SF retail space leased to Ochsner Clinic Foundation for an Urgent Care Clinic through 12/31/2022, a 1,027 SF office, and 3 apartments, a 540 SF 1BR/1BA unit, a 1,199 SF 2BR/2BA unit and a 1,251 SF 2BA/2BR corner unit. The retail space is the only space currently under a lease. Please contact agent for more details.
|
Financials
| Finance Data Year |
2022 |
| Net Operating Income |
$200,788 (Annual) |
| Actual or Proforma Year |
Proforma |
| Finance Data Year |
2021 |
| Net Operating Income |
$194,230 (Annual) |
| Actual or Proforma Year |
Actual |
Current Tenants
| Tenant Business Name |
Ochsner Clinic Foundation |
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
French Quarter |
| Tax ID/APN: |
41021997 |
| Zoning: |
VCE-1 |
| Retail Clientele: |
General, Family, Traveler, Tourist, Convention |
| Property Located Between: |
Iberville and Bienville Streets |
| Property Visibility: |
Excellent |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Property Condition: |
Excellent |
| Year Renovated: |
2014 |
| Sprinklers: |
Wet |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
17,022 |
186,108 |
397,789 |
| Median Age: |
42.93 |
36.06 |
36.76 |
| Households: |
9,662 |
82,130 |
166,821 |
|
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