5537 Canal Blvd - Storefront Retail/Residential FOR SALE


New Orleans, LA 70124- Navarre
$799,000 USD
504-650-3912
5537 Canal Blvd, New Orleans, LA for Sale
$799,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

5537 Canal Blvd
New Orleans, LA 70124
Navarre


HIGHLIGHTS

  • RARE Mixed-Use Opportunity: Commercial/Residential building on a high-traffic Canal Boulevard corner
  • Prime Location: Directly across from a busy shopping area with excellent visibility and drive-by exposure
  • Flexible Layout: One 2-bedroom / 2.5-bath two-story residential unit Two 500 SF commercial units (can be combined into one contiguous space)
  • Live/Work Potential: Owners currently occupy both residential and commercial spaces
  • Private Driveway: Gated parking for one car, currently used as a courtyard with Jacuzzi
  • Convenient Access: Close to I-610, Harrison Avenue restaurants, schools, shops, and City Park

OVERVIEW

RARE mixed-use Commercial/Residential building on busy Canal Boulevard corner across from shopping area. Building consists of one 2-bedroom 2.5 bath two story residential unit and two 500 SF commercial units that could be combined into one contiguous unit. Residential unit has a private driveway allowing gated parking for one car (currently used as a courtyard with Jacuzzi). The lower floor contains the living room, 1 bedroom, half bath and a laundry/storage room. Upstairs you will find a full kitchen with breakfast bar, dining area, large bedroom and a full bath with jetted tub and a cute coffee nook with balcony overlooking the courtyard. The 2 commercial units are currently occupied by the owners as a hair salon and music studio. The sellers also occupy the residential space on a part time basis, making it the perfect live/work combination. The flexible floorplan with exterior doors on all 4 sides allows for further rearrangement of the spaces and the possibility of adding a second floor to the front portion. The unbeatable location on busy Canal Boulevard with easy access to I-610, proximity Harrison Avenue restaurants, schools and shops and City Park provides ample opportunity for a business that desires ample drive-by exposure.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,891 SF

ZONING

C

APN/PARCEL ID

2-06-3-052-20

ASK ABOUT THIS PROPERTY

Dawnne KeeneyDorian Bennett Sotheby's International RealtyMore Info
504-650-3912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dawnne KeeneyDorian Bennett Sotheby's International RealtyMore Info
504-650-3912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.