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3869-3877 Gentilly Blvd
New Orleans, LA 70122
Tributes Salon · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,715 SF
Building Class
C
Year Built
1970
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
0.25 AC
Zoning
HU - B1 - HU-B1, Historic Urban Neighborhood Business District
Parking
40 Spaces (2.72 Spaces per 1,000 SF Leased)
Frontage
41’ on Gentilly Blvd
Amenities
- Bus Line
- Courtyard
- Security System
- Tenant Controlled HVAC
- Accent Lighting
- Storage Space
- Recessed Lighting
About 3869-3877 GENTILLY BLVD , NEW ORLEANS, LA 70122
The property is a two story mixed use building containing 3 salon spaces branded as Tributes Salon and 3 office spaces. 23 of a total of 32 salon stations are currently occupied at a rental of $200 per week per station. The building has undergone a complete renovation completed in February 2019. The property has a new roof, new HVAC, new electrical, new plumbing and a state of the art security system. The property will be sold with the salon furnishings and equipment valued over $200,000. The proforma indicates a NOI of $202,000 with a 10% vacancy factor.
Property Taxes
| Parcel Number | 3-8W-4-015-02 | Improvements Assessment | $163,950 |
| Land Assessment | $16,700 | Total Assessment | $180,650 |
Property Taxes
Parcel Number
3-8W-4-015-02
Land Assessment
$16,700
Improvements Assessment
$163,950
Total Assessment
$180,650
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