Mixed-Use Tulane Avenue Offering

Retail-Commercial for Sale
Also listed as Office, Multi-Family
Catylist Listing ID: 30320399
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,500 SF
Gross Land Area: 11,557 SF
Sale Price: $725,000
Unit Price: $207.14 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

This offering includes the following:

-a vacant, renovated 3,500sf, 2 story building at 3604 Tulane Avenue
-a vacant lot at the corner of Tulane & S. Genois Street (701 S. Genois Street)
-a mid-block vacant lot at 715 S. Genois Street

The building has been renovated including new wiring, plumbing, HVAC, a full kitchen upstairs, and 4 total bathrooms. It features flexible space suitable for residential or commercial use upstairs and shell commercial space down. The entire group of properties enjoys MU-2 zoning, allowing for a wide variety of uses, and 57'+ of frontage on Tulane Avenue. The offering also includes a billboard lease to OUTFRONT Media paying $425/mth through August 31, 2019.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Zoning: MU-2
Property Visibility: Excellent
Largest Nearby Street: Tulane Avenue
Feet of Frontage: 57
Traffic/Vehicle Count: 19,393
Tenancy: Multiple Tenants
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,663 196,827 391,483
Median Age: 32.03 37.08 37.25
Households: 10,540 87,237 168,818


Photograph of Listing Agent

Jonathan D Shaver

RE/MAX Commercial Brokers Inc Metairie, LA 70002
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.