Mixed-Use Algiers Point Property

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30145030
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 5,479 SF
Gross Land Area: 4,224 SF
Sale Price: $495,000
Unit Price: $90.34 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 5,479 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2017

Overview / Comments

Corner store with living quarters in historic Algiers Point. Spanish Mission style architecture. Blocks to ferry terminal, restaurants, cafes and shops. Spacious 3 bed/2 bath upstairs in rear rented for $1,400/mth until 12/31/2017. Features private entrance, bright rooms, plenty of closet space, in-unit laundry, office area. Front 2,990sf commercial space with bathrooms zoned HU-B1A. Off-street parking with 2 garage bays. Short-term rentals possible. May qualify for state & federal historic tax credits.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Westbank
Tax ID/APN: 41144512
Zoning: HU-B1A
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Eliza & Alix Streets
Property Visibility: Good
Area Description: Algiers Point is a historic neighborhood directly across the Mississippi River from New Orleans' French Quarter. It is bounded generally by Atlantic Avenue, Opelousas Avenue and the Mississippi River. It is overlaid by the Algiers Point National Historic District and the Old Algiers Cultural Products District.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1907
Year Renovated: 2010
Roof Type: Hip
Construction/Siding: Stucco, Wood Siding
Total Parking Spaces: 2
Parking Type: Structure, Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 30
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,034 159,485 384,153
Median Age: 41.75 36.54 36.33
Households: 8,563 69,938 159,681

Contact

Photograph of Listing Agent

Jonathan D Shaver

RE/MAX Commercial Brokers Inc Metairie, LA 70002

Source

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