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$ 550,000
Est. payment | /mo
5,000 SqFt
$ 550,000
Est. payment | /mo
5,000 SqFt
Key Details
Property Type Commercial
Sub Type Restaurant,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $110
MLS Listing ID NO2466998
Lot Size 7313.000 Acres
Acres 0.1679
Property Sub-Type Restaurant,Retail
Property Description
A notable commercial/residential property is situated at the corner of E. Judge Perez and Palmisano, right across from Chalmette High School. The commercial space on the ground floor is rented to a restaurant for a gross of $2,700. Above, there are three (3), two-bedroom/one-bath apartments, each with market rents of $1,000. Family members occupy some of the residential units at abated rates. This attractive property features high visibility, substantial improvements, a high level of maintenance (new roof 2021), and is in superb condition, offering an enviable cap rate, making it an exceptional investment opportunity. If you're in search of that elusive positive cash flow, consider incorporating this into your portfolio immediately.
Location
State LA
Zoning C-1
Building
Water Public
Level or Stories 2
Others
Tax ID 45910120012A
Listed by Realty Resources, Inc.