7118-7140 Downman Rd - Storefront Retail/Residential FOR SALE


New Orleans, LA 70126- Pines Village
$1,495,000 USD
504-319-1452
7118-7140 Downman Rd, New Orleans, LA for Sale
$1,495,000 USD
Storefront Retail/Residential - FOR SALE
1/34
null | Request Cap Rate

7118-7140 Downman Rd
New Orleans, LA 70126
Pines Village


HIGHLIGHTS

  • Exposure: High-visibility frontage along Downman
  • Parking: On-site surface parking

OVERVIEW

7118–7140 Downman Road is a ±12,954 SF multi-tenant retail strip located along a highly trafficked commercial corridor in New Orleans East. The property consists of seven individual suites including a restaurant anchor and multiple inline retail bays, offering diversified tenant income and leasing flexibility. Owner Financing / Bond for Deed Terms Offered: Down Payment: 15% due at closing, Interest Rate: 5% for years 1–2, Amortization: 30 years Additional Principal Payment: 5% due at year 2 Interest Rate: 7% for years 3–5, Balloon Payment: due at year 5

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C-1

APN/PARCEL ID

3-9W-0-157-42

ASK ABOUT THIS PROPERTY

Chris TalbotTalbot Realty GroupMore Info
504-319-1452

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Chris TalbotTalbot Realty GroupMore Info
504-319-1452

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