Fully Leased Gentilly Terrace Building For Sale

3871 Gentilly Boulevard, New Orleans, LA

$2,500,000

Price

14,940 sqft

Building Size

2.5513 acres

Lot Area

Overview
Building Size
14,940 sqft
Lot Area
2.5513 acres
Description

3871 Gentilly Blvd is a fully leased, 2-story building in the Gentilly Terrace neighborhood of New Orleans. The building consists of 4 suites (3 on the 1st Floor, and the 4th being the entirety of the 2nd Floor). The New Beginnings Beauty School & salon tenants currently represents a portion of the first floor and the entirety of the second floor. The rear, first floor suite is occupied by TM Biotech. The building was renovated in 2019, prior to the current tenants taking possession.

Projected 2024 rental income is approximately $180,000 net.

Traffic counts exceed 20,000 VPD, with Gentilly Blvd being a strong link between residential neighborhoods and commercial nodes.

3871 Gentilly Blvd is a 2-story building in the Gentilly Terrace neighborhood of New Orleans. The building consists of 4 suites (3 on the 1st Floor, and the 4th being the entirety of the 2nd Floor). The beauty school/salon tenant currently represents a portion of the first floor and the entirety of the second floor. The building was renovated in 2019, prior to the current tenants taking possession.

Traffic counts exceed 20,000 VPD, with Gentilly Blvd being a strong link between residential neighborhoods and commercial nodes.

Highlights
  • All measurements are approximate/not guaranteed and are to be verified by the purchaser. Zoning and Intended Use to be verified by the purchaser. Contact Agent for more details!
Documents
Location