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Laydown Yard, Retail, and Residential

4516-4518 Downman Rd New Orleans, LA 70126

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Overview

Sale includes two residential apartments and one commercial unit with over 20,000 sq/ft gravel lot behind structures. Opportunity to add value by building, lay down yard, or additional storage. Zoned Light Industrial or SB-2 with many permitted uses. Current commercial tenant mix: Phone store. Phone store operator signed a new lease recently with escalations. Property has large gravel lot located in the rear of structure. The building have newer roof, all have central air/heat. Some appliances are included in sale. Residential units have been HANO approved for many years. 4522 Downman is currently vacant and can be shown. It can be used an office also. Also being offered as a package with 4516-18 Downman Rd.

For Sale

Retail

Secondary Uses: Free Standing

Sale Price
$345,000
Price Per SF
$370.6/SF
Cap Rate
9.87%
Building Size
931 SF
Acres
0.203 ac
Zoning
S-B2
Gross Income
$46,800
Net Operating Income
$34,038
Sale Terms
Cash to Seller
Signage
On Building and Monument
Showing Instructions
Contact Broker
Building Class
C
Number of Buildings
1
Floors
1
Construction Siding
Brick
Construction Type
Masonry Reinforced
Rentable SF
900
Submarket
Northshore / N.O. East
Property Status
Existing
Lot Size
100' x 170'
Office SF
900 SF
Warehouse SF
15,000 SF
Power Provider
MUD - entergy
County
Orleans Parish
Available
2024-11-27
Created
2024-11-29
Updated
2025-03-19
Listing ID
3028171e
Parcel APN
39W921515