Remarks

81% leased retail investment opportunity in a bustling area of the East. This shopping center is just off of Read Boulevard less than a half mile from I-10 and has great proximity to New Orleans East Hospital, Joe Brown Park and the Audubon Louisiana Nature Center. This location provides nice visibility and a robust customer base. The property boasts recognizable tenants including H&R Block and Subway. 8 of the 10 suites are currently leased - suites 9 & 10 are vacant which was formerly used as one suite by a medical practice. The property has been maintained well over time by the current owner. The roof is new, plumbing under the slab is replaced and 4 HVAC systems were replaced in July 2024. There are 64 total parking spaces in the parking lot. This is a true turn-key investment opportunity.

Details

MLS#: 2481611
Price: $1,595,000

Sq Ft: 19220

County: Orleans
Lot Size: 200' x 228'/253'