Retail-Commercial for Lease
Catylist Listing ID: 30230339
Property Subtypes: Mixed Use, Street Retail
Contiguous Space: 1,250 - 5,000 SF
Total Available: 2,500 SF
Building Size (RSF): 5,000 SF
Gross Land Area: 16,800 SF
Lease Rate: $27 PSF (Annual)
Base Monthly Rent: $5,625
Lease Types: NNN
Ceiling: 12 ft.
Last Updated: 11/10/2020

Overview / Comments

The building is totally complete on the interior, except for floor cover, which is a tenant improvement. This is a new building on West Harrison Avenue consisting of 5,000 total square feet, with two (2) Suites of 1,250 sf left. The suites are ready to move in, just need flooring. Units C & D are leased.

Concrete tilt-wall construction for ease of maintenance, security and beauty, this building will be the best commercial platform for a business on West Harrison Ave.

Built at the front of the lot, there is 100 feet of commercial exposure with maximum plate glass front for the office or retail tenant. Eleven (11) off-street parking spaces in the rear (one more than code) provide easy access for patrons to enter from the rear or the front of the building at the discretion of the individual tenant. There is also street parking on West Harrison Ave.

Owner will not entertain restaurant or bar uses.

Base rent of $27.00 per square foot, with net charges passed through on a monthly basis as additional rent. Net charges are $7.90 per square foot. Construction type is such that the insurance costs are anticipated to be comparable to lowest available in the area.

Attached are the latest photos and plans showing the elevation site plan and floor plan of the building.

Expand All Available Space

Suite: 225A, 225B, 2,500 SF $27 PSF (Annual) NNN
Level/Floor: Ground floor
Space Available: 2,500 SF
Minimum Divisible: 1,250 SF
Max Contiguous: 5,000 SF
Lease Rate: $27 PSF (Annual)
$5,625 (Monthly)
Lease Type: NNN

The building is 5,000 total square feet, demised into four units of 1,250 square feet. TWO units are left and can be combined for a 2,500 square foot suite. Each unit has doors to the rear parking lot, which allows the building placement on the front of the lot for maximum street exposure of all units.

Total monthly rent for each 1,250 square foot suite is $3,635.42.

Building is in "white box" condition, consisting of four finished sheetrock walls, suspended acoustical panel ceilings, electrical outlets installed, one restroom, lighting installed and Central Air and Heating installed. Tenant provides floor covering of their choice, any additional walls and if an additional restroom is needed the plan and plumbing infrastructure can accommodate it.

The concrete tilt wall construction provides for a beautiful platform for businesses of many types. The Zoning District is designated as S-LB1 Lake Area Neighborhood Business District, which provides for a wide variety of commercial and business uses on one of the most well-known and travelled Lakeview neighborhood commercial thoroughfares.

The owner is not interested in leasing to a restaurant or bar operation of any kind.
Space Subcategory: Strip Center, Office Building
Date Available: 8/6/2020
Lease Term: 60 Months
Space Type: New
Parking Spaces 11
Rent Escalators Index Lease
Rent Escalators Description Depending upon lease term and nature of tenancy, typical minimum escalator would be tied to the Consumer Price Index or fixed rent increases.
Rent Concession Subject to credit worthiness of tenant, rent concession in lieu of tenant improvement allowance may be negotiated.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Submarket Type: Suburban
Taxing Authority: CITY OF NEW ORLEANS
Tax ID/APN: 41026071
Retail Clientele: General, Family, Business
Property Located Between: Pontchartrain Blvd. and Fleur de Lis Dr.
Property Visibility: Excellent
Largest Nearby Street: Fleur de Lis Dr.
Feet of Frontage: 140
Highway Access: Interstate I-10 and 610 interchange less than one mile.
Airports: Louis Armstrong and New Orleans Lakefront Aiports
Site Description: 16,800 square foot site on West Harrison Ave. in Lakeview, measuring 140 feet front by a depth between equal and parallel lines of 120 feet
Area Description: Predominantly sought-after residential suburban neighborhood with great schools, grocery stores and other amenities. This street is one of the few east-west commercial thoroughfares in the area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2019
Roof Type: Other
Construction/Siding: Concrete - Tilt up
Exterior Description: Concrete tilt-up and glass store fronts
Total Parking Spaces: 11
Parking Ratio: 2.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Driveway with parking to the rear of the building provides for front (street) or rear parking lot entrnace to the building.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Presently in finished condition consisting of four (4) finshed sheetrock walls, perimeter electrical outlets, suspended acoustical panel ceiling with recessed lighting, one restroom per unit, HVAC installed and concrete floors. Tenant responsible for any additional build out of offices, walls, additional restrooms, etc. and floor covering.
Zoning Description: S-LB1, Lake Area Neighborhood Business District which allows for a wide variety of business uses.
In Flood Plain?: Yes
Lot Frontage: 140
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements: Utilities
Easements Description: typical utlitiy easements in suburban area
Legal Description: Lot 31A, Square 15, Metarie Park Subdivision, 7th Mun. District, Orleans Parish , New Orleans, LA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,907 119,661 310,515
Median Age: 37.82 39.58 38.05
Households: 9,440 54,437 135,427


Photograph of Listing Agent

Albert S Pappalardo

Pappalardo Consultants Inc New Orleans, LA 70124
LACDB Member
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