Calling for great investors! A 10 Units building located on a major West Bank business corridor, a short distance from the bridge to downtown New Orleans. The building is currently is 90% leased. Offices size range from several hundred square feet to several thousand square feet. The two-level brick building has a gross leasable square footage of 10,319 and sits on a lot of 19,022 square feet on a main, busy General De Gaulle Drive in the West Bank. Each tenant has a separate individual meter and pays their own electricity bills.
Sitting on 1.9 acres of land, this Commercial Building is on the main street with excellent street visibility in a high traffic area. New stucco, roof, and epoxy floors in 2012. Property has 37 units of commercial space with ~94% occupancy rate currently. Average monthly rent is $32K. The interior lights are now LED. Plenty of parking in the rear of property. A dynamic space with endless potential for multiple types of businesses. Great investment opportunity!
The median home value in New Orleans, LA is $256,000. This is lower than the county median home value of $270,400. The national median home value is $338,100. The average price of homes sold in New Orleans, LA is $256,000. Approximately 38.9% of New Orleans homes are owned, compared to 42.07% rented, while 19.03% are vacant. New Orleans real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New Orleans real estate agent to arrange a tour today!
New Orleans, Louisiana 70131 has a population of 383,974. New Orleans 70131 is less family-centric than the surrounding county with 18.56% of the households containing married families with children. The county average for households married with children is 19.77%.
The median household income in New Orleans, Louisiana 70131 is $45,594. The median household income for the surrounding county is $45,594 compared to the national median of $69,021. The median age of people living in New Orleans 70131 is 37.7 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 63.5 inches per year, with 0 inches of snow per year.