7100 Downman RdNew Orleans, LA 70126

Property Details for 7100 Downman Rd

Year built

1970

Lot size

0.44 AC

Property size (Sq ft)

1,320 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

39W071717

APU

39W071717

Description

This exceptional commercial property, located at 7100 Downman Rd in New Orleans, Louisiana, presents a lucrative investment opportunity. The 1,320 square foot building, constructed in 1970, sits on a single story and is zoned C-1, offering versatility for a variety of retail or restaurant uses. Previously occupied by a Papa John's Pizza restaurant, this location benefits from high visibility and significant daily traffic, estimated at approximately 17,000 cars. The asking price is $240,000, translating to $181.82 per square foot. The property's convenient location in Orleans Parish, zip code 70126, makes it easily accessible to a large customer base. This is an ideal opportunity for entrepreneurs seeking a well-situated space with established infrastructure in a thriving New Orleans neighborhood. The building's single-story design and ample square footage provide flexibility for customization and adaptation to various business needs. The C-1 zoning ensures a wide range of permitted uses, maximizing the potential for return on investment. Don't miss this chance to acquire a prime commercial property in a high-traffic area of New Orleans.

• CAP approach

  CAP return

  Valuation

  6%

  $307,712

  6.5%

  $284,041

  7%

  $263,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,741

  Geo Method

  $236,474

• Alternative Use

  Use

  Valuation

  Residential

  $239,600

  Hospitality

  $219,472

  Educational

  $182,598

  Medical

  $188,878

  Retail

  $284,041

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

30.0235

Longitude

-90.024

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].