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2514 Tulane Ave
New Orleans, LA 70119
Three property bundle for sale · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Three-property bundle with ±9% Cap Rate
- Vacant lot at 519 S. Rocheblave St., previously used for parking rental
- Directly across from new Trader Joe’s facility
- Two income-producing buildings at 2508 / 2514 Tulane Ave
- Office, retail, and multi-family tenants
EXECUTIVE SUMMARY
3-Property Bundle
Three-property bundle for sale with about a 9% Cap Rate. Two buildings, 2508 / 2514 Tulane Ave, and a vacant lot at 519 S. Rocheblave St. Both buildings are income-producing with office, retail, and multi-family tenants. The vacant lot has previously been used as parking rental. This property is directly across from the new Trader Joe’s facility and close to the Department of Veterans Affairs medical facility. University Medical Center is just down the street. The income will help pay for the property while waiting for re-development. The three lots combined offer many re-development options. Property zoned MU-2 High Intensity Mixed-Use District.
Contact agents for more information or viewing.
Three-property bundle for sale with about a 9% Cap Rate. Two buildings, 2508 / 2514 Tulane Ave, and a vacant lot at 519 S. Rocheblave St. Both buildings are income-producing with office, retail, and multi-family tenants. The vacant lot has previously been used as parking rental. This property is directly across from the new Trader Joe’s facility and close to the Department of Veterans Affairs medical facility. University Medical Center is just down the street. The income will help pay for the property while waiting for re-development. The three lots combined offer many re-development options. Property zoned MU-2 High Intensity Mixed-Use District.
Contact agents for more information or viewing.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
9,730 SF
Building Class
C
Year Built/Renovated
1947/2000
Price
$1,652,772 CAD
Price Per SF
$169.86 CAD
Cap Rate
9%
NOI
$148,749 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,865 SF
Opportunity Zone
Yes
Zoning
MU-2 - High Intensity Mixed-Use District
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