Catylist ID:
#30831224
Great Opportunity - Westbank Medical Office Building
Office
for Sale
| Catylist Listing ID: | 30831224 |
| Property Subtypes: | Medical |
| Building Size (RSF): | 24,840 SF |
| Gross Building Area: | 29,775 SF |
| Gross Land Area: | 1.95 Acres |
| Sale Price: | $1,700,000 |
| Unit Price: | $68.44 PSF |
| Property Use Type: | Investment |
| Class of Space: | Class C |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/24/2023 |
Overview / Comments
|
Excellent Opportunity –- Sold By Public Auction on March 9, 2023 This is a surplus property owned by New Orleans Public Schools formerly known as Orleans Parish School Board. The property currently has one long term medical tenant that occupies over 7,000 square feet. The building is need of complete renovation, with the exception of the occupied space. The current tenant is on a month to month gross lease paying $7,072 monthly. Two opportunities to view/inspect the property will take place on February 9, 2023 and again on March 7, 2023 from 10:00 am to 1:00 pm. To participate in the auction ALL bidders MUST have a cashier's check in the amount of $50,000. The deposit is 100% non-refundable if the bidder is unable to successfully for any reason with the exception of the Seller's inability to provide a merchantable title. |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Westbank |
| Tax ID/APN: | 513800169 |
| Property Visibility: | Excellent |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Roof Type: | Flat |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,767 | 121,271 | 262,055 |
| Median Age: | 36.52 | 35.87 | 36.54 |
| Households: | 6,851 | 48,176 | 107,453 |
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