6750 Franklin AveNew Orleans, LA 70122

  • Commercial land
  • 1.28 AC
For Lease
$25/SF/YR View listing

Property Details for 6750 Franklin Ave

Lot size
1.28 AC
Property type
Commercial land
APN
38W419307
APU
38W419307

Description

This exceptional 1,975 square foot retail space represents a unique investment opportunity. Located at 6750 Franklin Avenue, this brand-new, end-cap unit is part of a mixed-use development, offering unparalleled visibility and accessibility. Its strategic placement next to the University of New Orleans and Lakefront Arena ensures a constant flow of foot traffic from both students and the wider community. The property benefits from its position within the only grocery store-anchored shopping center for miles, providing a synergistic retail environment. Rouses Market serves as the anchor tenant, drawing significant customer traffic and creating a vibrant atmosphere. The entire 1,975 square feet is currently vacant, providing a blank canvas for a discerning tenant to customize the space to their specific business needs. This is a rare chance to establish a presence in a high-traffic, well-established commercial area with strong anchor tenancy, offering significant potential for growth and success. The property is classified as retail, with multiple tenancy options available. The building is a new construction, ensuring modern amenities and efficient design. This prime location offers an exceptional opportunity for businesses seeking high visibility and a strong customer base.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,152,306
    Hospitality
    $9,299,457
    Educational
    $7,737,040
    Medical
    $8,003,128
    Retail
    $12,035,395

Location Insight

City
New Orleans
County
Orleans
State
Louisiana
Latitude
30.0284
Longitude
-90.0526
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$83,900
-
$83,900
-
$839,000
-
$839,000

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