Strip Center and Adjacent Land for Redevelopment
|Catylist Listing ID:
|Building Size (RSF):
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|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN)
||Cash to Seller
Overview / Comments
This site is located at the signalized intersection of Franklin Ave and Allen Toussaint Blvd, just a few blocks off Leon C. Simon Drive. The subject property consists of two separate retail buildings and an adjacent 21,866 sf land parcel. Owner will be installing new windows in the building. Tenants are Holy Trinity Family Worship Center Church, The Spot Restaurant, and Franklin Ave Pharmacy.
All leases are triple net, and financial information is available upon request. The retail center and adjacent land parcel make this property a tremendous investment or redevelopment opportunity.
Attachments & Media
||Greater New Orleans
|Property Located Between:
||Allen Toussaint Blvd and Mexico Blvd
|Largest Nearby Street:
||I-10 and US 90
||This area is easily accessible via public transit. The New Orleans bus line
#57 runs along Franklin Avenue, connecting with other bus lines that run
east to west.
||Suburban residential surroundings, primarily consisting of single-family homes but also encompassing both Southern University of New Orleans and the University of New Orleans, as well as the 600,000-sf research and technology park, The Beach at UNO.
|Total Number of Buildings:
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||Parking spaces in front of tenants, with an empty lot as overflow
|Total Parking Spaces:
||S-B1 Suburban Business District. The general character of this type of development should be sensitive to and compatible with more suburban residential surroundings. Permitted uses include, but are not limited to, financial institution, animal hospital, medical clinic, office, personal services institution, art gallery or studio, and specialty and standard restaurants. Conditional uses are subject to permitting and include carry-out and fast food restaurants and day care facility.
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