3987 Tchoupitoulas St
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3987 Tchoupitoulas St
3,645 SF 100% Leased Retail Building New Orleans, LA 70115 $1,150,000 ($316/SF)
Executive Summary
3987 Tchoupitoulas is a newly developed two-story, mixed-use commercial building designed in a modern New Orleans style.
This is ideal for i) an office user who prefers owning their property (and would occupy the second floor) with additional income from a long term lease with the ground floor tenant or ii) an investor looking to take advantage of owning on this growing corridor of Tchoupitoulas St in a new building that will require minimal maintenance and upkeep over the coming years. The ground floor is currently leased on a NNN basis to Francolini's, a popular New Jersey style deli that has quickly gained a cult following among locals.
The second floor (accessible by stairs) is currently vacant and is a beautifully built out open office space with hardwood floors, stunning mezzanine, balcony with view of the Mississippi River, full kitchenette, two bathrooms, storage as well as tall ceilings and tons of natural light.
This is ideal for i) an office user who prefers owning their property (and would occupy the second floor) with additional income from a long term lease with the ground floor tenant or ii) an investor looking to take advantage of owning on this growing corridor of Tchoupitoulas St in a new building that will require minimal maintenance and upkeep over the coming years. The ground floor is currently leased on a NNN basis to Francolini's, a popular New Jersey style deli that has quickly gained a cult following among locals.
The second floor (accessible by stairs) is currently vacant and is a beautifully built out open office space with hardwood floors, stunning mezzanine, balcony with view of the Mississippi River, full kitchenette, two bathrooms, storage as well as tall ceilings and tons of natural light.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,645 SF
Building Class
B
Year Built
2022
Price
$1,150,000
Price Per SF
$316
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.47
Land Acres
0.06 AC
Zoning
HU-MU
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6-14-1-032-02 | Improvements Assessment | $105,680 |
| Land Assessment | $8,660 | Total Assessment | $114,340 |
PROPERTY TAXES
Parcel Number
6-14-1-032-02
Land Assessment
$8,660
Improvements Assessment
$105,680
Total Assessment
$114,340
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Jack Eglé -
Felicity Property Co.
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3987 Tchoupitoulas St
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