8500 Oak St 6,689 SF Vacant Retail Building New Orleans, LA 70118 $1,825,000 ($272.84/SF)
EXECUTIVE SUMMARY
Such a UNIQUE building with so much to offer. Ground floor is currently a shell, where we were going to build a restaurant and bar. Plumbing is stubbed in. Ground floor is a garage and could be built out for a coffee shop, restaurant, bar, retail space, office, etc. Ground floor total area is 4,300 square feet. Recently completed a $300,000 renovation of the ground floor to include roofing/concrete/plumbing/electrical, etc. Upper floor is a Beautifully finished and decorated 4 bedroom 2 bath home, currently occupied as a vacation rental, covering roughly 2,300 square feet. See attached link for interior photos of vacation rental. Tremendous Opportunity. HU-MU zoning for this Thriving residential / commercial area. Willing to sell or lease ALL or
Air B&B website link is part.https://www.airbnb.com/rooms/51682201?guests=1&adults=1&s=67&unique_share_id=6fd073ef-cc52-48e2-bb2a-54e390d627d9
Air B&B website link is part.https://www.airbnb.com/rooms/51682201?guests=1&adults=1&s=67&unique_share_id=6fd073ef-cc52-48e2-bb2a-54e390d627d9
TAXES & OPERATING EXPENSES (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$13,127
|
$1.96
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,127
|
$1.96
|
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,689 SF
Building Class
B
Year Built/Renovated
1960/2023
Price
$1,825,000
Price Per SF
$272.84
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.40
Lot Size
0.11 AC
Zoning
Commercial/Residential - HU-MU
Parking
3 Spaces (0.45 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 4,500 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,500 SF | Retail | - | Now |
1st Floor
| Size |
| 4,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7-16-1-109-16 | Total Assessment | $168,090 (2024) |
| Land Assessment | $11,630 (2024) | Annual Taxes | $13,127 ($1.96/SF) |
| Improvements Assessment | $156,460 (2024) | Tax Year | 2022 Payable 2023 |
CONTACT
-
Lauren VanCamp - Anthony Posey Properties Incorporated
