Building Details

Year built 1913

Floors in Building 2

Listing Agency: Keller Williams Realty Services l***@kw.com Show Phone

Listed By: Bart Gillis Show Phone

Added: Jan 9 Changed: Aug 19 Last Checked: Aug 23 at 1:06PM

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MLS# 2536957

Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This high-visibility, circa-1913 historic masonry building is available for lease. The property features exposed brick and 14-foot ceilings. It is ideally suited for a restaurant, but other retail options are also viable. Interior finishes are being completed, including some built-ins and a grease trap. Design changes are possible early in the renovation planning stage. Located in downtown Independence, the property benefits from foot traffic generated by nearby restaurants and businesses. A noted local restaurateur recently opened a restaurant across the street. Combining this space with the adjacent Unit B is also possible to create a larger space. The landlord is motivated to find the right tenant. Depending on the tenant's finishing requirements, a rent abatement of up to three months may be possible, or rent can be negotiated in exchange for the tenant undertaking a greater degree of renovation. The estimated date of availability is December 2026. The property offers approximately 1403 square feet of commercial space.

Key Highlights

• High‑visibility, historic location ideal for a restaurant or retail business.
• Interior finishes are partially completed, including built‑ins and a grease trap.
• Circa‑1913 historic masonry building with exposed brick and 14' ceilings.**

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Locksmith Furniture & Home Goods Hair Salon Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

185

Businesses Nearby

35k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 60% Groceries 35% Dining 6%

Piggly Wiggly Groceries

12,163 visits/mo 0.4 miles

Dollar General Shops & Services

10,321 visits/mo 0.4 miles

Dollar Tree Shops & Services

5,690 visits/mo 0.4 miles

O'Reilly Auto Parts Shops & Services

4,773 visits/mo 0.4 miles

Pizza Hut Dining

1,969 visits/mo 0.1 miles

Demographics for 70443, LA

10,229

Population

3,321

Households

3.1

Avg Household Size

38

Median Age

18%

College-Educated

74%

High-School Grad

76.2 sq mi

ZIP Area

134

Density / Sq Mi

$59,333

Median Household Income

$36,242

Median Earnings

$953

Median Rent

$145,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Renovated historic building, ideal for restaurant or retail business.

Where is this retail space located?

The property is located at 302 E RAILROAD Avenue Independence, LA.

What is the lease rate?

The lease rate is $2,338/Mo.

What are key features of this property?

This property features: High‑visibility, historic location ideal for a restaurant or retail business.; Interior finishes are partially completed, including built‑ins and a grease trap.; Circa‑1913 historic masonry building with exposed brick and 14' ceilings.**