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3232 General Meyer Ave

3,721 SF Vacant Retail Building New Orleans, LA 70114 $899,000 ($242/SF)

Executive Summary

With the increasing population and development in the area, a commercial building in a very high demand area is an excellent investment opportunity. Combining a tire shop and a grocery store in the same building would serve the needs of the community and attract a diverse customer base.The tire shop would cater to the growing number of vehicles in the area, providing services such as tire replacement, repair, and maintenance. As more people own cars, the demand for reliable and convenient tire services is on the rise. By offering competitive prices, quality products, and efficient service, the tire shop could quickly build a loyal customer base.In addition to the tire shop, including a grocery store in the commercial building would cater to the daily needs of the residents. A well-stocked grocery store offering a wide variety of fresh produce, pantry staples, and household items would become a go-to destination for the local community. (THE STORE HAS BEEN CLOSED FOR A FEW YEARS)Moreover, the synergistic effect of having both a tire shop and a grocery store in one building would benefit both businesses. Customers visiting the tire shop may also make impromptu trips to the grocery store, resulting in increased sales for both establishments. Additionally, the physical presence of one business can attract customers to the other through cross-promotion and joint advertising efforts.Being situated in a very high demand area ensures a steady stream of customers and guarantees strong foot traffic for the commercial building. The location would be easily accessible, with ample parking space to accommodate the needs of both businesses. This convenience would add to the overall appeal and increase the likelihood of attracting customers from surrounding areas as well.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,721 SF
Building Class
C
Year Built
1952
Price
$899,000
Price Per SF
$242
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Land Acres
0.29 AC
Opportunity Zone
Yes
Parking
15 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
242 FT on General Meyer Ave

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5-13-7-026-01
Land Assessment
$4,410
Improvements Assessment
$25,260
Total Assessment
$29,670
  • Listing ID: 33705322

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 3232 General Meyer Ave, New Orleans, LA 70114

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