University Area Mixed-Use Portfolio For Sale - New Orleans

Retail-Commercial for Sale
Catylist Listing ID: 30803981
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 8,583 SF
Gross Building Area: See Agent
Gross Land Area: 18,630 SF
Sale Price: $3,295,000
Unit Price: $383.90 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2023

Overview / Comments

Rare opportunity to purchase a multi building portfolio in the University Corridor. The improvements consist of Four total buildings with access on Maple St and Adams St. Approximately 20 off-street parking spaces are provided in the interior of the site. The buildings are well maintained and have stabilized, in-place cash flow. The location and its proximity to both the surrounding neighborhood and the Universities provide for future stability and rent appreciation. Extremely high barriers to entry. Potential for future additional site development. Financial Information available upon request with qualified interest and upon execution of NDA.

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Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41140735
Zoning: HUB-1
Retail Clientele: General, Family, Business, Tourist, Other
Tenancy: Multiple Tenants
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,896 153,241 397,301
Median Age: 31.46 36.09 38.08
Households: 9,333 65,386 171,665


Photograph of Listing Agent

Troy Hagstette

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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