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


Photograph of Listing Agent

Devin Wright

Coldwell Banker Commercial TEC Realtors New Orleans, LA 70112
LACDB Member
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