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Mixed-Use Investment Opportunity Near S Claiborne Ave

2623 Washington Ave New Orleans, LA 70113

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Overview

Now available for sale, 2623 Washington Ave presents a 3-unit, mixed-use investment opportunity. The structure comprises one ground-level retail space, previously utilized as a barber shop, and two residential units (both units are 2 bedroom, 1 bathroom). All spaces are currently vacant. Great income potential with value-add. The property is located just 3 blocks off of S Claiborne Ave at Louisiana Ave, where a large shopping center features Raising Cane’s, McDonald’s, Taco Bell, TJ Maxx, Ross, Michaels, PetSmart, and Ulta Beauty. Enjoy just ±5-10 minute access to I-10 and the Central Business District. Large fenced area in rear. Ample street parking is available along Washington Ave. • One retail unit, 2 residential units (2 bed, 1 bath) • Great income potential with value-add • Just off of retail-dense S Claiborne Ave corridor • Large fenced area and ample street parking

For Sale

Retail

Secondary Uses: Mixed Use

Sale Price
$420,000
Price Per SF
$146.8/SF
Building Size
2,862 SF
Acres
0.083 ac
Zoning
HU-MU
Max Contiguous
2,862
Number of Buildings
1
Floors
1
Construction Type
Framed
Rentable SF
2,691
Submarket
Uptown-Garden District
Nearest MSA
New Orleans-Metairie
Property Status
Existing
In Opportunity Zone
Yes
County
Orleans Parish
Created
2024-03-28
Updated
2024-11-04
Listing ID
58bff83d
Parcel APN
412303411