Freret Street Commercial

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30835816
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Gross Land Area: 4,500 SF
Sale Price: $725,000
Unit Price: $226.56 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/14/2024

Overview / Comments

Situated on bustling Freret Street, this two-story raised basement building is available for sale. The HU-MU zoned space was previously occupied by a nail salon, although has been vacant for many years. The main floor of the property features original hardwood floors, molding, doors, and historic detailing throughout, high ceilings, a full kitchen, and a covered front porch. Downstairs is an open shell space that is unimproved. The site includes a large backyard, standing at over 1,900 SF, ideal for outdoor seating, entertaining, etc. The HU-MU zoning allows for a host of uses including retail, office, restaurant, and short-term rental, to name a few. 

The property is less than a mile from Tulane and Loyola Universities, along with Sacred Heart, Lusher, and Newman high schools. The offering is within walking distance to all of Freret Street’s best haunts, including Cure, Dat Dog, Good Bird, High Hat, and many, many others.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 614331323
Zoning: HU-MU
Property Visibility: Good
Largest Nearby Street: Freret
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 35,613 176,399 393,836
Median Age: 33.4 35.9 37.3
Households: 14,489 76,412 167,228

Contact

Photograph of Listing Agent

Aaron Kazanoff

ben + burka New Orleans, LA 70115
LACDB Member
© Copyright 2001-2023 Moody's. All Rights Reserved. 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.