2001 St Bernard AveNew Orleans, LA 70116

Property Details for 2001 St Bernard Ave

Property size (Sq ft)

31,750 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9774

Longitude

-90.0676

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