For Sale
$420,000

2623 Washington AveNew Orleans, LA 70113

Three-unit building, high income potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional three-unit mixed-use property at 2623 Washington Ave, New Orleans, LA 70113, is offered at $420,000. The 2,862 square foot building sits on a 0.08-acre lot and features one ground-floor retail space and two residential units, each boasting two bedrooms and one bathroom. Currently vacant, this presents a significant value-add opportunity with substantial income potential. The property's prime location is just three blocks from the bustling S. Claiborne Avenue corridor, home to numerous national retailers including Raising Cane's, McDonald's, TJ Maxx, and more, ensuring high visibility and foot traffic. Convenient access to I-10 and the Central Business District within 10-15 minutes adds to its appeal. The property also benefits from a large fenced rear yard and ample on-street parking. The permitted zoning is HU-MU, offering flexibility for future development. The property's APN is 412303411. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving New Orleans neighborhood. The building is a two-story structure, offering a unique blend of retail and residential space. Don't miss this chance to capitalize on the strong rental market and create a lucrative investment portfolio.

Highlights

  • $420,000 asking price for a three-unit mixed-use building.
  • Excellent value-add opportunity with significant income potential.
  • Prime location near the S. Claiborne Ave retail corridor, featuring national brands.
  • Large fenced rear yard and ample on-street parking.

Property Details for 2623 Washington Ave

Property type
Retail properties, Mixed-use properties
Square Feet
2,862 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
3,485 SF
Units
3

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9398935
Longitude
-90.0924008
2623 Washington Ave, New Orleans, Louisiana

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2623 Washington Ave
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