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2508 Tulane Ave
New Orleans, LA 70119
Income Producing By Trader Joe's · Retail Property For Sale
Investment Highlights
- Office, retail, and multi-family tenants
- Directly across from new Trader Joe’s facility
- Directly across from new Trader Joe’s facility
Executive Summary
Income producing building for sale with about a Cap Rate of 7.99 percent across the street from new Trader Joe's facility and in area of Department of Veteran of Affairs Medical Center on Tulane Ave. Building with retail on bottom floor and multifamily on second floor. Property zoned MU-2 High Intensity Mixed-Use District. Possibility of also purchasing a vacant lot behind the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,576 SF
Building Class
C
Year Built
1946
Price
$450,000
Price Per SF
$98.34
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.27
Lot Size
0.08 AC
Opportunity Zone
Yes
Parking
4 Spaces (0.87 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 1-05-2-015-19 | Improvements Assessment | $38,630 |
| Land Assessment | $15,400 | Total Assessment | $54,030 |
Property Taxes
Parcel Number
1-05-2-015-19
Land Assessment
$15,400
Improvements Assessment
$38,630
Total Assessment
$54,030
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