3871 Gentilly Blvd
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3871 Gentilly Blvd
14,940 SF Retail Building New Orleans, LA 70122 £1,721,390 (£115/SF)
Investment Highlights
- 3871 Gentilly Blvd is a fully leased, 2-story building in the Gentilly Terrace neighborhood of New Orleans.
- The New Beginnings Beauty School & salon tenants currently represents a portion of the first floor and the entirety of the second floor.
- The building consists of 4 suites (3 on the 1st Floor, and the 4th being the entirety of the 2nd Floor).
- The building was renovated in 2019, prior to the current tenants taking possession.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,940 SF
Building Class
C
Year Built/Renovated
1990/2019
Price
£1,721,390
Price Per SF
£115
Tenancy
Multiple
Number of Floors
2
Building FAR
1.32
Land Acres
0.26 AC
Zoning
HU-B1 - HU-B1
Frontage
50 ft on Gentilly Blvd
Amenities
- Bus Route
PROPERTY TAXES
| Parcel Number | 3-8W-4-015-02 | Improvements Assessment | £128,283 |
| Land Assessment | £13,067 | Total Assessment | £141,350 |
PROPERTY TAXES
Parcel Number
3-8W-4-015-02
Land Assessment
£13,067
Improvements Assessment
£128,283
Total Assessment
£141,350
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3871 Gentilly Blvd
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