4701 DOWNMAN RD

Shopping Center for Sale
Catylist Listing ID: 30836025
Property Subtypes: Strip Center
Building Size (RSF): 8,000 SF
Gross Building Area: 8,560 SF
Sale Price: $450,000
Unit Price: $56.25 PSF
Property Use Type: Investment
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2023

Overview / Comments

$100,800 ANNUAL INCOME IN THE ENTERTAINMENT DISTRICT, RENOVATED IN 2022, FULL LENGTH BALCONY, NEW ROOF, NEW FLOORING THROUGHOUT, THREE RETAIL SUITES ON 1ST LEVEL, APPROX 1300 S/F EACH. 2ND FLOOR LARGE RECEPTION HALL WITH BAR, FULL KITCHEN, RESTROOMS, ICE MACHINE. PLUS 1 ADDITONAL SUITE WITH FULL BATH, GLASS WALL PARTITION, X FLOOD ZONE. UPPER OFFICE SUITE COULD BE USED AS BUYER OCCUPANCY. TRAFFIC COUNT APPROX 17,000 CARS PER DAY!

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Northshore / N.O. East
Tax ID/APN: 39W902903
Zoning: S-B1
Retail Clientele: Business
Property Located Between: DWYER, ODIN
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Renovated: 2022
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: SUBURBAN BUSINESS DISTRICT
Water Service: Municipal
Sewer Type: Municipal
Legal Description: JACKSON PL SQ 16 LOTS 1 TO 4 DOWNMAN RD AND ODIN 80X107 2/STORY BRICK BLDG OFFICE STORE SEE 002 4701-07 DOWNMAN RD 4703 DOWNMAN RD 4701 DOWNMAN RD SUITES 201 202 & 203

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,085 75,791 193,160
Median Age: 34.63 34.35 35.41
Households: 3,736 29,044 77,468

Contact

Photograph of Listing Agent

Paul E Gilmore

Paul Gilmore & Associates, Inc. Metairie, LA 70006
LACDB Member
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