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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Robert E Talbot

Talbot Realty Group New Orleans, LA 70130
LACDB Member
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