7401 Read Blvd - Drug Store FOR SALE


New Orleans, LA 70127- Little Woods
$1,400,000 USD
504-301-1002
7401 Read Blvd, New Orleans, LA for Sale
$1,400,000 USD
Drug Store - FOR SALE
1/11
null | Request Cap Rate

7401 Read Blvd
New Orleans, LA 70127
Little Woods


OVERVIEW

Available for sale or lease, 7401 Read Boulevard presents a premier opportunity to lease or purchase a ±14,000 SF commercial building on 1.79 acres of land at the signalized intersection of Read Boulevard and Morrison Road. Formerly occupied by Walgreens, the property features high ceilings, open floor plans, drive-thru infrastructure, and excellent visibility with strong street presence. The site includes ample on-site parking (±72 spaces) and benefits from easy access to major transportation arteries and high daily traffic counts. The building is in excellent condition and has been recently upgraded with a new roof, updated electrical and HVAC systems, and is currently vacant and move-in ready. Flexible zoning allows for a wide variety of potential uses including retail, medical, grocery, office, or specialty market, among others. This is an ideal opportunity for an owner-user, investor, or tenant seeking a turnkey space in a well-trafficked New Orleans East location.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

78,025 SF

ZONING

S-B2

APN/PARCEL ID

3-9W-0-123-19

ASK ABOUT THIS PROPERTY

Ben Jacobsonben + burkaMore Info
504-301-1002

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

Ben Jacobsonben + burkaMore Info
504-301-1002

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