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

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

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