3125 Tulane Avenue Building

Retail-Commercial for Sale
Catylist Listing ID: 30101360
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 6,366 SF
Gross Building Area: See Agent
Gross Land Area: 32,559 SF
Sale Price: $1,950,000
Unit Price: $306.31 PSF
Property Use Type: Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

This property is currently an office/warehouse building with a large service yard behind it and additional raw land across the street. The building has a covered drop off / drive through area in the front of the building and a significant parking area behind the building and across the street on the excess land.

The main building contains 3,775 sq. ft. about half of which is finished air conditioned office space and the balance is warehouse. It also has a 600 sq. ft. mezzanine. The site connected to the main building (518-522 S. Lopez) has a 1,991 sq. ft. warehouse on it. Those combines sites with Tulane Avenue frontage contain 21,347 sq. ft. of land (Site A).

There is also a vacant lot across 501-515 S. Lopez Street (Site B) which contains 11,212 sq. ft. of vacant land and can be used for extra parking. The combined total sit contains 32,559 sq. ft. of land.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41035477
Property Located Between: 3125 D'Hemecourt Street
Area Description: On the hot section of Tulane Avenue which has recently been beautifully upgraded servicing the new medical district and the CBD. Two billion dollars have been spent on the new VA Hospital and the University Medical Center just a few blocks away. Numerous properties have sold recently to add apartments, hotel and retail amenities to the area. It is directly across the street from the Crescent Club Apartments developed by the Domain Company, as well as a nice retail strip center with a Capital One bank branch and some shops and restaurants.
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,384 203,081 397,618
Median Age: 31.77 36.76 37.22
Households: 9,897 90,007 170,542


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