Tributes Salon

Retail-Commercial for Sale
Catylist Listing ID: 30524164
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 14,715 SF
Gross Land Area: 1,099 SF
Sale Price: $2,360,000
Unit Price: $160.38 PSF
Property Use Type: Investment
Building Name: Tributes Salon
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2019

Overview / Comments

The ground floor contains two salon spaces and three office spaces with off street garage space. The two salon spaces are completely built
out and occupied by stylist leasing stations on a weekly basis. One office is occupied by VIP City Tours, another is owner occupied and a third is
partially built out and vacant. The second floor is completely built out as salon space. All three salon spaces are branded as Tributes Salon.
The subject property was purchased in July 2013 and has undergone several renovations since then. The second floor was the last to
be renovated and was completed in February 2019. The renovations in the three salon spaces and the two occupied office spaces are
considered class A. The finishes have a high level of detail and workmanship and the furnishing and salon equipment are contemporary and
state of the art (see attached photos). The building also has a very sophisticated security system and all new HVAC equipment, plumbing and electrical
systems. The building is in excellent condition and shows extremely well.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Zoning: HU - B1
Property Visibility: Excellent
Traffic/Vehicle Count: 26,000
Area Description: Gentilly Terrace
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Renovated: 2019
Construction/Siding: Stucco
Parking Type: Surface
Zoning Description: HU - B1 Historic Urban Neighborhood Business District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,208 112,645 277,549
Median Age: 37.7 36.68 35.48
Households: 5,854 46,026 114,664

Contact

Photograph of Listing Agent

Michael Pou

Talbot Realty Group
New Orleans, LA
LACDB Member
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