Gentilly Terrace Building For Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30820740
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 14,940 SF
Gross Building Area: See Agent
Sale Price: $2,500,000
Unit Price: $167.34 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2023

Overview / Comments

3871 Gentilly Blvd is a 2-story building in the Gentilly Terrace neighborhood of New Orleans. The building consists of 4 suites (3 on the 1st Floor, and the 4th being the entirety of the 2nd Floor). The beauty school/salon tenant currently represents a portion of the first floor and the entirety of the second floor. This tenant is currently in lease negotiations for the remaining available first floor space (Suite 103), towards the rear of the building. The building was renovated in 2019, prior to the current tenant taking possession.

Projected 2024 rental income is approximately $165,000 net annual with step-ups.

Traffic counts exceed 20,000 VPD, with Gentilly Blvd being a strong link between residential neighborhoods and commercial nodes.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41111642
Zoning: HU-B1
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,208 111,407 276,543
Median Age: 37.7 36.78 35.46
Households: 5,854 45,544 114,093


Photograph of Listing Agent

Sam Hurley

SVN Urban Properties New Orleans, LA 70130
LACDB Member
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