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7118-7140 Downman Rd
New Orleans, LA 70126
Retail Property For Sale
Investment Highlights
- Exposure: High-visibility frontage along Downman
- Parking: On-site surface parking
Executive Summary
7118–7140 Downman Road is a ±12,954 SF multi-tenant retail strip located along a highly trafficked commercial corridor in New Orleans East. The property consists of seven individual suites including a restaurant anchor and multiple inline retail bays, offering diversified tenant income and leasing flexibility.
Owner Financing / Bond for Deed Terms Offered:
Down Payment: 15% due at closing, Interest Rate: 5% for years 1–2, Amortization: 30 years
Additional Principal Payment: 5% due at year 2
Interest Rate: 7% for years 3–5, Balloon Payment: due at year 5
Owner Financing / Bond for Deed Terms Offered:
Down Payment: 15% due at closing, Interest Rate: 5% for years 1–2, Amortization: 30 years
Additional Principal Payment: 5% due at year 2
Interest Rate: 7% for years 3–5, Balloon Payment: due at year 5
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,954 SF
Building Class
B
Year Built
1979
Price
$2,078,454 CAD
Price Per SF
$160.45 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.54 AC
Zoning
C-1
Parking
55 Spaces (4.45 Spaces per 1,000 SF Leased)
Frontage
40’ on Downman Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 3-9W-0-157-42 | Improvements Assessment | $28,659 CAD |
| Land Assessment | $0 CAD | Total Assessment | $28,659 CAD |
Property Taxes
Parcel Number
3-9W-0-157-42
Land Assessment
$0 CAD
Improvements Assessment
$28,659 CAD
Total Assessment
$28,659 CAD
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