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Oak Street Modern Retail 8228 Oak St 3,540 SF 100% Leased Office Building New Orleans, LA 70118 $1,175,000 ($331.92/SF) 6.89% Cap Rate
Executive Summary
8228 Oak Street presents an exceptional opportunity to own a well-maintained, income-producing commercial property in a vibrant New Orleans location. This two-story building boasts ample off-street parking and a desirable spot on bustling Oak Street. The ground floor is leased on a favorable NNN basis to Primo Hoagies, a nationally recognized sandwich franchise. The upstairs unit is occupied on a month-to-month basis by a therapy office/studio apartment and could be owner/operated or leased out on a long term basis. The property is move-in ready for any investor seeking strong rental income. Owner-occupiers will also appreciate the convenient location and established tenants.
The property thrives in a popular commercial district. Neighbors include Zotz Cafe, Oak Street Brewery, Jacques-Imo’s, Maple Leaf Bar, Breads on Oak, and many more.
The property thrives in a popular commercial district. Neighbors include Zotz Cafe, Oak Street Brewery, Jacques-Imo’s, Maple Leaf Bar, Breads on Oak, and many more.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,540 SF
Building Class
B
Year Built
2000
Price
$1,175,000
Price Per SF
$331.92
Cap Rate
6.89%
NOI
$81,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,500 SF
Slab To Slab
10’
Building FAR
1.02
Lot Size
0.08 AC
Zoning
HU-MU
Parking
3 Spaces (0.85 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 7-16-1-106-02 | Improvements Assessment | $77,070 |
| Land Assessment | $10,800 | Total Assessment | $87,870 |
Property Taxes
Parcel Number
7-16-1-106-02
Land Assessment
$10,800
Improvements Assessment
$77,070
Total Assessment
$87,870
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Oak Street Modern Retail | 8228 Oak St
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