5741 Crowder BlvdNew Orleans, LA 70127

Property Details for 5741 Crowder Blvd

Year built

1980

Lot size

3.00 AC

Property size (Sq ft)

47,577 SF

Property type

Retail properties

Property subtype

Strip malls

APN

39W016116

APU

39W016116

Description

This exceptional 56,410 square foot retail center, situated on 3.06 acres in New Orleans East's thriving Northshore/N.O. East submarket, presents a unique investment opportunity. Built in 1980, the single-story building boasts a prime location just one block from I-10, ensuring high visibility and accessibility. Currently, 26,760 square feet of space is available, divisible into units ranging from 951 to 18,256 square feet, catering to a variety of retail needs. The property is zoned C-3 and features a total of eight available spaces. Its strategic location along Crowder Boulevard offers excellent exposure to a substantial daily traffic volume. The property's convenient access to I-10 further enhances its appeal to both businesses and customers. With its ample space, flexible leasing options, and high-traffic location, this retail center represents a compelling investment prospect in a dynamic New Orleans market. The Orleans Parish location, with APN 39w016116I2, offers a strong foundation for future growth and profitability. This is an excellent opportunity to establish or expand your retail presence in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $11,090,903

  6.5%

  $10,237,757

  7%

  $9,506,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,145,624

  Geo Method

  $8,523,267

• Alternative Use

  Use

  Valuation

  Residential

  $8,635,931

  Hospitality

  $7,910,466

  Educational

  $6,581,415

  Medical

  $6,807,760

  Retail

  $10,237,757

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

30.0279

Longitude

-89.9911

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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