4123-4127 Downman Road and 5900, 5902, 5918, 5920-26 Alost Street

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30148570
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 14,207 SF
Gross Building Area: See Agent
Gross Land Area: 12,360 SF
Sale Price: $295,000
Unit Price: $20.76 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 6/23/2018

Overview / Comments

There are ten total units available inclusive of retail, office, apartments and industrial. The majority of the leases are on a month-to-month basis. Occupancy varies from 60% to 80%. See agent for rental details. The subject parcel consists of 2 adjacent rectangular portions consisting of 6 separate lots. The subject is not located in a flood hazard zone. FEMA Zone Classification: B. The warehouse portion of the Alost St. property contains two 12x12 commercial overhead doors and 10x10 commercial grade overhead door. Ceiling height varies from Retail, 9', to industrial eave heights between 15'-20'

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Northshore / N.O. East
Tax ID/APN: 41092780
Zoning: S-B1
Property Located Between: Downman Road, Alost and Flite Street
Property Visibility: Excellent
Site Description: 40 linear feet along Downman Rd.,189 linear feet along Alost St., and 100 linear feet along Flite Street.
Area Description: Income producing property located on Downman Road within close proximity to Interstate 10 on a busy thoroughfare.
Tenancy: Multiple Tenants
Number of Stories: 2
Year Built: 1954
Exterior Description: Masonry, Tile, Wood, and Vinyl. Alost Street property is steel and masonry block frame.
Parking Description: Minimal covered and Off Street
Heat Source: Central

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,129 82,687 202,660
Median Age: 35.47 34.4 35.42
Households: 2,557 31,779 81,225


Photograph of Listing Agent

Cathy S McGehee

NAI/Latter & Blum Commercial New Orleans New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Chris Ross

NAI/Latter & Blum Commercial New Orleans New Orleans, LA 70130
Not a member of LACDB
Photograph of Listing Agent

Ed Ellington

NAI/Latter & Blum New Orleans, LA 70130
LACDB Member
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