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Central City Building with Value-Add Opportunity

2426 Simon Bolivar Ave New Orleans, LA 70113

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Overview

This Central City retail centers commands a corner along busy Simon Bolivar Avenue with excellent visibility. This HU-B1 zoned, two-story building consists of three units with parking in front for 10+ vehicles. The property also includes a parcel that would be ideal for future expansion. This center is currently fully occupied by a hair salon, barber shop and clothing store on gross leases on monthly basis. There are three separate meters allowing flexibility for three units. The area shows consistent business and residential growth. Financials are available on request. Property located in HUBzone.

For Sale

Retail

Secondary Uses: Mixed Use

Sale Price
$500,000
Price Per SF
$126.5/SF
Building Size
3,952 SF
Acres
0.146 ac
Zoning
HU-B1
Building Class
B
Number of Buildings
1
Floors
2
Rentable SF
3,820
Submarket
Uptown-Garden District
Nearest MSA
New Orleans-Metairie
Property Status
Existing
Office SF
3,723 SF
County
Orleans Parish
Created
2024-11-15
Updated
2024-11-15
Listing ID
98f5e201
Parcel APN
412300908