2426 Simon Bolivar Ave
New Orleans, LA 70113
Office Property For Sale
EXECUTIVE SUMMARY
This Central City retail centers commands a corner along busy Simon Bolivar Avenue with excellent visibility. This HU-B1 zoned, two-story building consists of three units with parking in front for 10+ vehicles. The property also includes a parcel that would be ideal for future expansion. This center is currently fully occupied by a hair salon, barber shop and clothing store on gross leases on monthly basis. There are three separate meters allowing flexibility for three units.
The area shows consistent business and residential growth. Financials are available on request. Property located in HUBzone.
The area shows consistent business and residential growth. Financials are available on request. Property located in HUBzone.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,952 SF
Building Class
C
Year Built
1980
Price
$500,000
Price Per SF
$126.52
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,952 SF
Building FAR
0.76
Lot Size
0.12 AC
Zoning
HU-B1
Parking
12 Spaces (3.04 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 4-12-3-009-08 | Improvements Assessment | $52,110 |
| Land Assessment | $9,530 | Total Assessment | $61,640 |
