Catylist ID: #30184496
Mixed Use Mid-City Property
Retail-Commercial for Sale
|Catylist Listing ID:||30184496|
|Property Subtypes:||Free-Standing Building, Mixed Use, Restaurant|
|Building Size (RSF):||5,085 SF|
|Gross Land Area:||5,308 SF|
|Unit Price:||$157.13 PSF|
|Property Use Type:||Investment, Vacant/Owner-User|
|Usable Size (USF):||5,085 SF|
|Sale Terms:||Cash to Seller|
Overview / Comments
Beautifully renovated two story building in Mid-City. The first floor features an approximately 2,140sf turnkey commercial kitchen with a 13' vent hood, 500 gallon subsurface grease trap and a built-in 6'x8' walk-in cooler. The second floor is a 1,645sf, 4 bedroom 1 bath apartment. The property has gated off street parking for two vehicles and also features an unfinished approximately 1,300sf brick and cinderblock structure currently being used as storage.
The main building was extensively renovated in 2012 including new stucco exterior walls and replacements/upgrades to all mechanical systems.
The upstairs apartment is rented for $1,600 per month on a month-to-month basis. The ground floor had been occupied by the owner but will be delivered vacant and ready for use by an owner-occupant or tenant.
The property's location is central to most areas of the city. The building sits across from the Domain Companies' Preserve (183 apartments) and around the corner from their Gold Seal Lofts (31 apartments). It is also in close proximity to the Nike Outlet Store anchored center at South Carrollton & Tulane Avenue. Easy access to other parts of the city is provided via South Carrollton, Tulane, Airline Highway and the Pontchartrain Expressway.
Current property taxes are $5,868; flood and hazard insurance run $4,295 and $4,076, respectively.
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Submarket/Township:||Greater New Orleans|
|Property Located Between:||Ulloa & D'Hemecourt Streets|
|Area Description:||Mid-City is a historic neighborhood whose boundaries are City Park Avenue, Toulouse Street, North Carrollton, Orleans Avenue, Bayou St. John and St. Louis Street to the north, North Broad Street to the east, and the Pontchartrain Expressway to the west. It is also a historic district on the National Register of Historic Places.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Construction/Siding:||Block, Brick, Stucco|
|Total Parking Spaces:||2|
|Heat Type:||Natural Gas|
|Air Conditioning:||Engineered System|
|Legal Description:||Square 796, Lots 21 & A (to be verified by purchaser)|
|Proximity:||1 mile||3 miles||5 miles|
Jonathan D ShaverRE/MAX Commercial Brokers Inc Metairie, LA 70002
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