ID 7080e163
8001 Downman Rd
For Sale
$1,200,000$240.10/SF$150,000/Unit
- Total Units
- 8
- Building Size
- 4,998 SF
- Lot Size
- 5,000 SF
- Parish
- Orleans
- DOM
- 222
- Listed
- 04/06/2026
- Updated
- 10/31/2026

Overview
Prime Lakefront Mixed-Use Property: High-Yield Investment with Added Value Potential
Positioned in a highly desirable, walkable lakefront community, this versatile mixed-use property presents a turnkey investment with immediate income generation and significant upside potential.
Key Features
Residential Component: 6 total apartment units, featuring strong occupancy with 5 units currently leased to reliable tenants. The final apartment offers immediate flexible potential as an owner-occupant suite, long-term rental, or high-performing vacation rental.
Commercial Component: 3 prime retail spaces situated on the ground level, ideal for boutique shops, cafés, professional offices, or service-based businesses looking to capture high foot traffic in a resort-style neighborhood.
Prime Location: Nestled in an active lakefront precinct, offering scenic water views, direct access to waterfront recreation, dining, and steady year-round traffic from both locals and tourists.
Investment Potential: Enjoys robust, stabilized rental income from existing residential leases while offering immediate value-add capability through commercial leasing and market-rate unit optimization.
Whether you are looking to expand a commercial portfolio or acquire a high-yield mixed-use asset in a sought-after waterfront market, this property offers the perfect balance of immediate cash flow and future growth. Contact us today to schedule a private walkthrough and receive full financial details.
Contact Noah Thomas for tours 504-388-6437
Additional Information
- City
- New Orleans
- County
- Orleans Parish
- State
- LA
- Zip Code
- 70126
- Latitude
- 30.0321156
- Longitude
- -90.0263217
- Secondary Uses
- Mixed Use
- Zoning
- S-B2
- Zoning Desc.
- Suburban Pedestrian Oriented Corridor Business District
- Tenant
- 5
- Building Class
- C
- Parking Spaces
- 50
- Property Use Type
- Business
- Total Units
- 8
- Laundry
- In Each Unit
- Ceiling Height
- 8'
- Nearest Interstate
- I-10 - 1 mi
- Nearest Airport
- Armstrong International Airport - 10 mi
- Power Provider
- Electric
- Water Provider
- City - Sewerage Water Board
- Parcel APN
- 39W020205
- Listing ID
- 7080e163
- City
- New Orleans
- County
- Orleans Parish
- State
- LA
- Zip Code
- 70126
- Latitude
- 30.0321156
- Longitude
- -90.0263217
- Secondary Uses
- Mixed Use
- Zoning
- S-B2
- Zoning Desc.
- Suburban Pedestrian Oriented Corridor Business District
- Tenant
- 5
- Building Class
- C
- Parking Spaces
- 50
- Property Use Type
- Business
- Total Units
- 8
- Laundry
- In Each Unit
- Ceiling Height
- 8'
- Nearest Interstate
- I-10 - 1 mi
- Nearest Airport
- Armstrong International Airport - 10 mi
- Power Provider
- Electric
- Water Provider
- City - Sewerage Water Board
- Parcel APN
- 39W020205
- Listing ID
- 7080e163
