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.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Greater New Orleans |
| Tax ID/APN: |
41111642 |
| Zoning: |
HU-B1 |
| Property Visibility: |
Excellent |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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