For Sale
$3,375,000

2001 St Bernard AveNew Orleans, LA 70116

High-Yield Shopping Center, 6 Tenants

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 31,750 square foot shopping center in New Orleans' Gentilly submarket presents a compelling investment opportunity. Boasting a 100% occupancy rate with six tenants, including the largest Dollar General Market in New Orleans, this property generates a strong net operating income (NOI) of $307,834, translating to a 9.12% capitalization rate. The asking price is $3,375,000, or $106.30 per square foot. Situated on a 67,082 square foot lot zoned C-1, the single-story building benefits from excellent visibility and accessibility, fronting city streets on multiple sides. Recent improvements include a complete roof replacement in 2022 (15-year warranty) and a new parking lot seal coat in 2024. This high-density urban location enjoys minimal competition from nearby retail or grocery options, ensuring continued strong performance. The property's established tenant base and recent upgrades make it an attractive investment with significant upside potential.

Highlights

  • $3,375,000 asking price for this 31,750 square foot shopping center.
  • Located at 2001 St. Bernard Ave, New Orleans, LA 70116, this multi-tenant property features six units.
  • The property boasts a 9.12% cap rate and a strong $307,834 NOI with 100% occupancy.
  • The shopping center sits on a 67,082 square foot lot and is zoned C-1.
  • Recent improvements include a new roof (2022) and parking lot seal coat (2024).

Property Details for 2001 St Bernard Ave

Property type
Lifestyle centers, Power centers
Square Feet
31,750 SF
Buildings
1
Stories
1
Units
6

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9773675
Longitude
-90.067621
2001 St Bernard Ave, New Orleans, Louisiana

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Contacts

Christopher Dozier
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2001 St Bernard Ave, New Orleans, Louisiana, 70116

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2001 St Bernard Ave
  • Christopher Dozier
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