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7118-7140 Downman Rd
New Orleans, LA 70126
Retail Property For Sale
Investment Highlights
- Exposure: High-visibility frontage along Downman
- Parking: On-site surface parking
Executive Summary
7118–7140 Downman Road is a ±12,954 SF multi-tenant retail strip located along a highly trafficked commercial corridor in New Orleans East. The property consists of
seven individual suites including a restaurant anchor and multiple inline retail bays, offering diversified tenant
income and leasing flexibility.
seven individual suites including a restaurant anchor and multiple inline retail bays, offering diversified tenant
income and leasing flexibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,954 SF
Building Class
B
Year Built
1979
Price
$1,495,000
Price Per SF
$115.41
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.54 AC
Zoning
C-1
Parking
55 Spaces (4.45 Spaces per 1,000 SF Leased)
Frontage
40’ on Downman Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 3-9W-0-157-42 | Improvements Assessment | $20,630 |
| Land Assessment | $0 | Total Assessment | $20,630 |
Property Taxes
Parcel Number
3-9W-0-157-42
Land Assessment
$0
Improvements Assessment
$20,630
Total Assessment
$20,630
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