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

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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


Photograph of Listing Agent

Reggie D Winfield

Windfeel Properties New Orleans, LA 70130
LACDB Member
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