Oak Street Modern Retail 8228 Oak St

3,540 SF 100% Leased Office Building New Orleans, LA 70118 $1,175,000 ($332/SF) 6.89% Cap Rate

Executive Summary

8228 Oak Street presents an exceptional opportunity to own a well-maintained, income-producing commercial property in a vibrant New Orleans location. This two-story building boasts ample off-street parking and a desirable spot on bustling Oak Street. The ground floor is leased on a favorable NNN basis to Primo Hoagies, a nationally recognized sandwich franchise. The upstairs unit is occupied on a month-to-month basis by a therapy office/studio apartment and could be owner/operated or leased out on a long term basis. The property is move-in ready for any investor seeking strong rental income. Owner-occupiers will also appreciate the convenient location and established tenants.
The property thrives in a popular commercial district. Neighbors include Zotz Cafe, Oak Street Brewery, Jacques-Imo’s, Maple Leaf Bar, Breads on Oak, and many more.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,540 SF
Building Class
B
Year Built
2000
Price
$1,175,000
Price Per SF
$332
Cap Rate
6.89%
NOI
$81,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,500 SF
Slab To Slab
10’
Building FAR
1.02
Lot Size
0.08 AC
Zoning
HU-MU
Parking
3 Spaces (0.85 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 1,500 SF
  • Office
  • Full Build-Out
  • 30 Days
Space Size Space Use Condition Available
2nd Floor 1,500 SF Office Full Build-Out 30 Days

2nd Floor

Size
1,500 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (92)

PROPERTY TAXES

  • Listing ID: 32168560

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 8228 Oak St, New Orleans, LA 70118