$530,000
$550,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
4520 DOWNMAN RD New Orleans, LA 70126
5,462 SqFt
Key Details
Sold Price $530,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,462 sqft
Price per Sqft $97
MLS Listing ID 2476742
Sold Date 10/22/25
HOA Y/N No
Year Built 1950
Lot Size 0.494 Acres
Acres 0.4937
Property Description
100% occupied, cash flow positive with land to add value in the way of new improvements or immediate start storing equipment or vehicles. Sale includes three residential units and three commercial units. Zoned Light Industrial with many permitted uses. Current commercial tenant mix: Phone store, Hair Salon, and Nail Salon. They are all long term. Phone store operator signed a new lease recently with escalations. Hair salon and Nail salon operators are month to month. Property has over 20,000 sq/ft gravel lot located in the rear of structures. The buildings have newer roofs, all have central air/heat. Some appliances are included in sale. Residential units have been HANO approved for many years.
Location
State LA
County Orleans
Zoning S-B2
Interior
Fireplace No
Exterior
Parking Features Off Street, Parking Lot, Three or more Spaces
Water Access Desc Public
Building
Lot Description City Lot, Oversized Lot
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Living Quarters
Others
Tax ID 39W921503
Financing Other
Special Listing Condition None
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Bought with Keller Williams Realty New Orleans