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Former Walgreens - New Orleans, LA 7401 Read Blvd 13,924 SF Retail Building New Orleans, LA 70127 $1,449,000 ($104.06/SF)
Investment Highlights
- Recently upgraded with a new roof, updated HVAC systems, and electrical improvements.
- Positioned at the signalized intersection of Read Boulevard and Morrison Road, featuring multiple access points and immediate access to I-10 .
- Approximately a 10- minute drive to the French Quarter and the central business district.
- Serving a population of more than 65,000 residents, New Orleans East is home to only 2 urgent care facilities.
- More than 6,500 households within a 1-mile radius.
- Purpose-built retail building featuring drive-thru infrastructure, high ceilings, and an efficient open floor plan.
Executive Summary
Sands Investment Group is pleased to exclusively offer for lease the 13,924 SF Former Walgreens located at 7401 Read Boulevard in New Orleans, LA. The property has been recently enhanced with a new roof, upgraded HVAC systems, and electrical improvements, reducing near-term capital expenditure requirements. Well-positioned for a variety of uses, including retail, medical, grocery, specialty market, office, or other commercial applications, this versatile asset presents an excellent opportunity for investors or owner-users seeking a strategically located property with strong long-term potential.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,924 SF
Building Class
C
Year Built
1999
Price
$1,449,000
Price Per SF
$104.06
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.79 AC
Zoning
S-B2 - Suburban Pedestrian-Oriented Corridor Business District
Parking
75 Spaces (5.39 Spaces per 1,000 SF Leased)
Frontage
113’ on Morrison Rd
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3-9W-0-123-19 | Improvements Assessment | $244,850 |
| Land Assessment | $22,950 | Total Assessment | $267,800 |
Property Taxes
Parcel Number
3-9W-0-123-19
Land Assessment
$22,950
Improvements Assessment
$244,850
Total Assessment
$267,800
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