Investment Opportunity - Retail/Storage Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30164085
Property Subtypes: Street Retail
Building Size (RSF): 1,903 SF
Gross Building Area: See Agent
Sale Price: $350,000
Unit Price: $183.92 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2018

Overview / Comments

Description: Approximately 1,903 square feet of commercial retail and storage space including 2 suites. Located on Cleary Avenue, 3 blocks south of Veterans Memorial Blvd.

Building Area: Suite A – 1,143 sq. ft. retail space currently leased to Boost Mobile (paying $1,554.00/month)
Suite B – 760 sq. ft. vacant garage and fenced lot w/several awnings and two (2) containers leased to auto detailer (paying $800.00/month).

Land Area: 6,900 square feet

Zoning: C-2, Commercial

Sale Price: $350,000

Miscellaneous: Billboard income $175.00/month, will transfer with sale of property.
Taxes and insurance $7,101.00/year
Building currently produces $2,529.00/month income, NOI is $23,247.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: JP-46582

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,113 149,327 312,600
Median Age: 37.63 41.82 39.17
Households: 14,156 65,619 131,534


Photograph of Listing Agent

Joe Gorman

Max J Derbes Inc New Orleans, LA 70123-3229
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.