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Contact info

• 504-831-5263 [Office] 

Description

This property is an old shopping center that we have handled for the past 25 years. Previously, the center was 100% occupied and comprised tenants such as a grocery store (A&P), a furniture store, Ochsner Clinic, a school uniform store, a wedding reception facility (The Arrow Champagne Room), a thrift store, a barber shop, a prosthetic store, two restaurants, a shoe store, a camera shop, a United States post office, a dress shop, a toy store and a few other various types of establishments. The gentleman that we first represented has since died and his wife has taken over. Without us knowing, she accepted a buyout from a disreputable developer that proposed to build two high rise towers. One was to be owned and used by Ochsner Hospital while the other was to be high end residential condominiums. For a variety of reasons, the developer went under and the family got the property back after he had already chased all of the existing tenants away. Since we have begun advertizing the property, many of the old tenants have called and expressed a desire to return to the shopping center, if possible. This property DID NOT flood from Hurricane Katrina and is a most remarkable location. We have recently agreed that the property may be sub-divided with the Eastern large main section, comprising of 6.70 acres, may be purchased for $5,500,000.00 or $18.85 per square foot for the land-value alone. Building price details: $6,500,000.

Property Details

• Type: Retail
• Use Types:Street Retail
• Status: Available
• MSA: New Orleans-Metairie-Kenner
• Buildings: 1

Terms

• Owner Financing 

Map Locations