Frederico Grocery Bldg for Sale

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30755059
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 4,032 SF
Gross Building Area: See Agent
Gross Land Area: 8,064 SF
Sale Price: $800,000
Unit Price: $198.41 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2022

Overview / Comments

Constructed in 1920 as the Joseph Federico Co. grocery, Joseph Federico Sr., a native of Palermo, Italy, had operated a small grocery store on the same block at 1509 Dryades since 1893. When he passed away in 1918, his sons Lawrence and A.J. carried on the family business and commissioned the new corner building. When initially constructed, the structure had a theater-like projecting sign and a highly ornamented contrasting facade with unpainted hard brick and cast-stone.

By 1935, the store had transferred ownership and was known as Foto's Italian Grocery. It was later operated under the H.G. Hill brand, and then Winn Dixie (which acquired the H.G. Hill chain in 1956). The building was still in use as a grocery store when Gloryland Mount Gillion Baptist Church acquired the property in 1956. It was converted by the church into a child development (Head Start) center.

Bldg. is in poor condition and in need of complete renovation.

Property is approximately 64 x 126 and bldg is 32 x 126.

Zoned MU-2.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41141618
Zoning: MU-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,256 205,148 404,881
Median Age: 36.52 35.67 37.03
Households: 12,411 89,014 169,488

Contact

Photograph of Listing Agent

Matt Eaton

RE/MAX Commercial Brokers Inc Metairie, LA 70002
LACDB Member
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