Catylist ID:
#30803793
Large Bywater Building on Hard Corner With Income-For Sale
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30803793 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 14,408 SF |
| Gross Land Area: | 7,991 SF |
| Sale Price: | $1,400,000 |
| Unit Price: | $97.17 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Building Name: | 3400 St. Claude Ave. |
| Usable Size (USF): | 12,400 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/31/2023 |
Overview / Comments
|
3400 St. Claude offers an extremely versatile and well-built two story building in the Bywater neighborhood of New Orleans. With frontage sitting on the hard corner of St. Claude Avenue and Desire Street, this property offers instant visibility with excellent exposure and daily traffic counts of 22,879 vehicles per day. The interior of the building features 2,500 SF of Leased Space, 5,000 SF of first floor space and 7,200 SF of second floor space currently vacant, a common area lobby, elevator and staircase access to second floor, second floor kitchenette, and common area restrooms. The front retail portion has been leased. Dedicated off street parking one block north on the corner of Desire St. and Marais St. Landlord to assist in buildout or offer tenant improvement allowance to qualified Tenant. The Historic Marigny/Treme/Bywater Commercial District (HMC-2) is intended to permit more intensive commerCial uses than the HMC-1 District, yet protect the historic character of the Marigny/Treme/Bywater area. HMC-2 zoning allows for a large range of commercial uses including retail, office, restaurant, medical, and many more. Please refer to Article 10.2.A of The New Orleans Comprehensive Zoning Ordinance for all permitted and conditional uses of HMC-2. • 2,500 SF First Floor Leased Space 60 Months-NOI $45,600 Annual • Hard corner with frontage on St. Claude Ave & Desire St. • First Floor: +/- 5,000 SF of available space • Second Floor: +/- 7,400 SF with large open floor plan • Strong daily traffic counts with an average of 22,789 vehicles per day (VPD) • Retail, Office, Restaurant, and Medical Possibilities • HMC-2 Zoning • Landlord to assist in buildout or offer Tenant Improvement Allowance to a qualified tenant • Common area lobby • Elevator • Block construction |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Greater New Orleans |
| Tax ID/APN: | 41068962 |
| Zoning: | HMC-2 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: | Desire St. & Gallier St. |
| Property Visibility: | Excellent |
| Largest Nearby Street: | St. Claude |
| Traffic/Vehicle Count: | 22,789 |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 7,400 SF |
| Property Condition: | Excellent |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Passenger Elevators: | 1 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 19,933 | 134,212 | 349,138 |
| Median Age: | 37.88 | 37.58 | 35.64 |
| Households: | 8,802 | 58,927 | 144,515 |
| The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
