Large Bywater Building on Hard Corner-For Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30803793
Property Subtypes: Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 14,408 SF
Gross Land Area: 7,991 SF
Sale Price: $1,500,000
Unit Price: $104.11 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 3400 St. Claude Ave.
Usable Size (USF): 12,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2022

Overview / Comments

3400 St. Claude offers an extremely versatile and well-built two story building in the Bywater neighborhood of New Orleans. With frontage sitting on the hard corner of St. Claude Avenue and Desire Street, this property offers instant visibility with excellent exposure and daily traffic counts of 22,879 vehicles per day.

The interior of the building features 2,500 SF of Leased Space, 5,000 SF of first floor space and 7,200 SF of second floor space currently vacant, a common area lobby, elevator and staircase access to second floor, second floor kitchenette, and common area restrooms. The front retail portion has been leased.

Dedicated off street parking one block north on the corner of Desire St. and Marais St. Landlord to assist in buildout or offer tenant improvement allowance to qualified Tenant. The Historic Marigny/Treme/Bywater Commercial District (HMC-2) is intended to permit more intensive commerCial uses than the HMC-1 District, yet protect the historic character of the Marigny/Treme/Bywater area. HMC-2 zoning allows for a large range of commercial uses including retail, office, restaurant, medical, and many more. Please refer to Article 10.2.A of The New Orleans Comprehensive Zoning Ordinance for all permitted and conditional uses of HMC-2.

• 2,500 SF First Floor Leased Space 60 Months-NOI $45,600 Annual
• Hard corner with frontage on St. Claude Ave & Desire St.
• First Floor: +/- 5,000 SF of available space
• Second Floor: +/- 7,400 SF with large open floor plan
• Strong daily traffic counts with an average of 22,789 vehicles
per day (VPD)
• Retail, Office, Restaurant, and Medical Possibilities
• HMC-2 Zoning
• Dedicated parking lot one block north on the corner of Desire St. & Marais
St.
• Landlord to assist in buildout or offer Tenant Improvement Allowance to a
qualified tenant
• Common area lobby
• Elevator
• Block construction

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41068962
Zoning: HMC-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Desire St. & Gallier St.
Property Visibility: Excellent
Largest Nearby Street: St. Claude
Traffic/Vehicle Count: 22,789
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,400 SF
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Block
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,933 134,212 349,138
Median Age: 37.88 37.58 35.64
Households: 8,802 58,927 144,515

Contact

Photograph of Listing Agent

Travis A Thornton

Marcus & Millichap Baton Rouge, LA 70810
LACDB Member
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