Oak Street Corner Property on Big Lot
|Catylist Listing ID:
Mixed Use, Street Retail
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment, Business
||Cash to Seller
Overview / Comments
8739 Oak Street sits at the highly visible intersection of Eagle and Oak Streets where Leake Avenue turns into River Road. Approximately 8,000 sf on 3 lots, this is an ideal property for redevelopment.
This site has been the home of Graffiti Graphics for twenty years, but the company is now closing. The property includes a commercial space within a corner grocery store; a private residence with stainless steel appliances, large windows, and a washer/dryer; and a space that is currently being used for storage. The buildings enclose a gated courtyard.
It is zoned HU-MU Neighborhood Mixed-Use District which is intended for areas of mixed-use development that are close to residential neighborhoods. The buildings may qualify for economic tax incentives and/or historic tax credit redevelopment.
Attachments & Media
||Greater New Orleans
||The property consists of three lots with the addresses of 8735, 8737, and 8739 Oak. The main building on the site is composed of three smaller structures: the former sign
shop with 1,564 sf, an ancillary retail space with 545 sf, and a residence with 873 sf. There is an additional structure on the site which is currently used for storage and has an attached garage.
||The HU-MU Neighborhood Mixed-Use District permits single and multi-family residences along with a range of commercial uses including animal hospital, art gallery, bar, live entertainment venue, office, and restaurant.
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