Laydown Yard, Retail, and Residential
4516-4518 Downman Rd New Orleans, LA 70126

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
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