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: |
8/8/2022 |
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.
|
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 |
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 |
|
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