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$ 850,000
Est. payment /mo
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2508 & 2514 TULANE AVE New Orleans, LA 70119
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2540278
HOA Y/N No
Year Built 1947
Property Description
Three-property bundle for sale with about a 7.5% Cap Rate. Three property bundle for sale across the street from new Trader Joe's facility and area of Department of Veteran of Affairs Medical Center. Two buildings 2508 / 2514 Tulane Ave and vacant lot 519 S Rocheblave St. One building fully leased with retail tenant on bottom floor and multifamily on second floor. Second building has vacant first floor available for office or retail and leased multi-family on second floor. The vacant first floor space was previously used as restaurant. There is a vacant lot behind the building for extra parking (519 Rocheblave St.) that is part of the 3 property bundle available to purchase. Leased space in both buildings currently bringing in about $7725 per month with vacant space to lease.
Property is setup for user/owner to open their business plus receive the income from the properties to cover cost or investor wanting to receive a stream of income.
The 3 lots combined offer many re-development options. Property zoned MU-2 High Intensity Mixed-Use District.
Property is setup for user/owner to open their business plus receive the income from the properties to cover cost or investor wanting to receive a stream of income.
The 3 lots combined offer many re-development options. Property zoned MU-2 High Intensity Mixed-Use District.
Location
State LA
County Orleans
Zoning MU-2
Interior
Fireplace No
Exterior
Parking Features One Space
Water Access Desc Public
Building
Lot Description City Lot, Irregular Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 2514-TULANEAV
Special Listing Condition None
Listed by Property One, Inc.