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Former Walgreens - New Orleans, LA 7401 Read Blvd 13,924 SF Retail Building New Orleans, LA 70127 $2,059,303 CAD ($147.90 CAD/SF)
Investment Highlights
- Recently upgraded with a new roof, updated HVAC systems, and electrical improvements.
- Recently upgraded with a new roof, updated HVAC systems, and electrical improvements.
- More than 6,500 households within a 1-mile radius.
- Flexible C-2 zoning enables a variety of replacement tenants, including urgent care, grocery, auto parts, fitness, financial institutions, and special
- Positioned at the signalized intersection of Read Boulevard and Morrison Road, featuring multiple access points and immediate access to I-10 (115,000+
- Approximately a 10-minute drive to the French Quarter and the central business district.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 13,924 SF Former Walgreens located at 7401 Read Boulevard in New Orleans, LA. The property has been recently enhanced with a new roof, upgraded HVAC systems, and electrical improvements, reducing near-term capital expenditure requirements. Well-positioned for a variety of uses, including retail, medical, grocery, specialty market, office, or other commercial applications, this versatile asset presents an excellent opportunity for investors or owner-users seeking a strategically located property with strong long-term potential. retail infrastructure with drive-thru capability and a spacious interior footprint.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,924 SF
Building Class
C
Year Built
1999
Price
$2,059,303 CAD
Price Per SF
$147.90 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.00 AC
Zoning
S-B2 - Suburban Pedestrian-Oriented Corridor Business District
Parking
75 Spaces (5.39 Spaces per 1,000 SF Leased)
Frontage
113’ on Morrison Rd
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3-9W-0-123-19 | Improvements Assessment | $346,206 CAD |
| Land Assessment | $32,450 CAD | Total Assessment | $378,656 CAD |
Property Taxes
Parcel Number
3-9W-0-123-19
Land Assessment
$32,450 CAD
Improvements Assessment
$346,206 CAD
Total Assessment
$378,656 CAD
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Former Walgreens - New Orleans, LA | 7401 Read Blvd
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