Beautiful! New roof! New Foundation! Entire building leased.

Retail-Commercial for Sale
Catylist Listing ID: 30628626
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 2,000 SF
Gross Land Area: 103 SF
Sale Price: $398,000
Unit Price: $199 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Best Building on Broad
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2021

Overview / Comments

Generates $2800 a month, modified gross lease.

Great commercial duplex opportunity to add this investment to your portfolio.
1400 SF is commercial in the front, and 600 in the back.

Brand new roof installed 10/5/2021!

Back unit could easily be an STR / Vacation rental.

This well reconstructed double with details you expect on construction done right, from reinforced windows on the front, original hardwood floors, central air, recessed can lighting and so much more makes the spacious high ceilings and quality appointed ceiling fans the perfect long term investment that stays rented.

This property is located on the high traffic count Mid City main thoroughfare only a few blocks from the UMC.

FLOOD INSURANCE: $641.00
See the 360Virtual Tour:
https://360virtualtours.gofindhome.com/tours/U721dKPN34

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41034897
Zoning: HU-MU
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: Tulane and Canal
Largest Nearby Street: Tulane
Feet of Frontage: 35
Airports: MSY
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2008
Roof Type: Gable
Construction/Siding: HardiePlank Siding
Exterior Description: Hardie Plank siding
Parking Type: Other
Parking Description: On street
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Hardwood and Ceramic tiled floors.
Zoning Description: HU-MU
Lot Frontage: 34' 11"
Lot Depth: 103'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SQ 606 LOT Y OR 43 44 BROAD 34' 11" X 103'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,644 204,479 403,066
Median Age: 32.69 36.62 37.14
Households: 10,813 90,049 172,391

Contact

Photograph of Listing Agent

Ian Cockburn

John Anthony Realty LLC New Orleans, LA 70113
LACDB Member
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