Elmwood Office and Storage Building For Sale

Office for Sale
Also listed as Industrial
Catylist Listing ID: 30507783
Property Subtypes: Office Building
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $71.88 PSF
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2019

Overview / Comments

LOCATION
Located in the first block of Powell Street near the corner of Elmwood Park Blvd; backs up to the AMC Palace Theater parking lot.

BUILDING
8,000 square feet (40’ x 100’) on two floors, configured for use for up to six tenants: four inner-connected office suites up and two office/warehouse suites down, situated on a 12,524 SF lot (62’ x 202’), zoned L-I (light industrial district). Walk up access via front and rear stairs. Construction is steel frame, concrete block and metal walls, brick façade, metal roof. Separately metered for electrical with independent HVAC systems.

LEASES
Building is presently at 88% occupancy, leased to five tenants. One second floor office suite of 875 SF is vacant available (Suite D). At 100% occupancy, leases will generate in excess of $72,300 annually

PARKING
Sixteen off-street spaces: four in front and twelve in the paved and fenced rear lot.

PRICE
$575,000

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: JP-29682

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,912 126,513 321,387
Median Age: 40 41.29 39.4
Households: 3,446 55,264 134,034

Contact

Photograph of Listing Agent

Keith G Henry

Max J Derbes Inc New Orleans, LA 70123-3229
LACDB Member
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