Catylist ID:
#30180549
REDUCED PRICE - Great Income Potential
Retail-Commercial
for Sale
| Catylist Listing ID: | 30180549 |
| Property Subtypes: | Day Care Facility, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 5,677 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $599,000 |
| Unit Price: | $105.51 PSF |
| Property Use Type: | Net Leased Investment (NNN) |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/29/2018 |
Overview / Comments
|
Mixed use property, featuring 1,500sf Salon, 775sf Deli, 1,851sf Event Hall 2nd story contains a 3 bed 2 bath 1,500 sf apartment. Potential Income: Annual (less expenses) Apartment - $12,750 Commercial ($13psf NNN) - $53,838 NOI - $66,588 Potential future cap rate of 11%! Contact Devin Wright 504-566-1777 |
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Greater New Orleans |
| Property Visibility: | Good |
| Area Description: | Great income potential located in the historic 7th Ward Neighborhood. Close proximity to Bayou St. John, City Park, and the Fairgrounds. Easy 610 access as well as Downtown, and French Quarter. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 18,940 | 145,553 | 315,606 |
| Median Age: | 39.69 | 36.66 | 36.98 |
| Households: | 8,327 | 62,179 | 135,180 |
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