Car Dealership Facility for Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Special Purpose, Vacant Land
Catylist Listing ID: 30623723
Property Subtypes: Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 25,943 SF
Gross Building Area: See Agent
Gross Land Area: 1.86 Acres
Sale Price: $2,500,000
Unit Price: $96.37 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2021

Overview / Comments

Unique opportunity to purchase a 25,943 SF automobile sales and service facility on 1.86 acres of land facing Lapalco Blvd., a primary commercial thoroughfare on the Westbank. The property has approximately 126 frontage feet on Lapalco, 170 frontage feet on Paxton Street, and 373 frontage feet on Regent Street.

The improvements consist of 10,395 SF of office/showroom space, 4,685 SF of parts space, and 10,570 SF of service space including an enclosed drive thru. The improvements were constructed in approximately 1991 and renovated in 2014 to be in compliance with new manufacturer design standards and branding.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Outer Jefferson Parish
Tax ID/APN: 103101

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,986 106,782 261,440
Median Age: 38.78 36.8 35.9
Households: 4,008 38,456 101,432


Photograph of Listing Agent

Austin Lavin, CCIM

Corporate Realty - Main Office New Orleans, LA 70170-0000
LACDB Member
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