3871 Gentilly Blvd - Freestanding FOR SALE


New Orleans, LA 70122
$2,200,000 USD
504-264-6145
3871 Gentilly Blvd, New Orleans, LA for Sale
$2,200,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

3871 Gentilly Blvd
New Orleans, LA 70122


HIGHLIGHTS

  • 3871 Gentilly Blvd is a fully leased, 2-story building in the Gentilly Terrace neighborhood of New Orleans.
  • The building consists of 4 suites (3 on the 1st Floor, and the 4th being the entirety of the 2nd Floor).
  • The New Beginnings Beauty School & salon tenants currently represents a portion of the first floor and the entirety of the second floor.
  • The building was renovated in 2019, prior to the current tenants taking possession.

OVERVIEW

3871 Gentilly Blvd is a fully leased, 2-story building in the Gentilly Terrace neighborhood of New Orleans. The building consists of 4 suites (3 on the 1st Floor, and the 4th being the entirety of the 2nd Floor). The New Beginnings Beauty School & salon tenants currently represents a portion of the first floor and the entirety of the second floor. The rear, first floor suite is occupied by TM Biotech. The building was renovated in 2019, prior to the current tenants taking possession. Projected 2024 rental income is approximately $180,000 net. Traffic counts exceed 20,000 VPD, with Gentilly Blvd being a strong link between residential neighborhoods and commercial nodes.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

HU-B1

APN/PARCEL ID

3-8W-4-015-02

ASK ABOUT THIS PROPERTY

Tim ThompsonSVN | Urban PropertiesMore Info
504-264-6145

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Tim ThompsonSVN | Urban PropertiesMore Info
504-264-6145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.