Corner Retail Building with
3039 General Taylor St New Orleans, LA 70125
3039 General Taylor St, New Orleans, LA, 70125
$325,000
For Sale
$325,000
Corner retail building with a large main space plus a smaller secondary space, including storage rooms and a restroom.
Property Size1,960 SF
Price / SF$165.82
Days on Market52
Property Features for 3039 General Taylor St
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- Retail
Listing agency
(504) 519-7693
Listed by
Frank Lopiccolo
(504) 519-7693
Source
Elifinrealty
Added: Jun 2 Updated: Jul 23 at 12:46AM Checked: Jul 23 at 12:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frank Lopiccolo
Investment Insights
Based on property information with market context.
Now for sale, this corner retail building is located at the intersection of General Taylor St and S Derbigny St. The property includes a large retail space and a smaller secondary space, along with two storage rooms and one restroom.
It is approximately four blocks from the Magnolia Marketplace strip mall and seconds from S Claiborne Ave, which sees an estimated 31,825 vehicles per day. The building is zoned HU-RD2 - Historic Urban Two-Family Residential District.
The existing interior configuration supports retail use with dedicated storage and restroom facilities.
It is approximately four blocks from the Magnolia Marketplace strip mall and seconds from S Claiborne Ave, which sees an estimated 31,825 vehicles per day. The building is zoned HU-RD2 - Historic Urban Two-Family Residential District.
The existing interior configuration supports retail use with dedicated storage and restroom facilities.
Key Highlights
- ±1,960 SF retail building at the corner of General Taylor St and S Derbigny St
- Large main retail space plus a smaller secondary retail space
- Includes 2 storage rooms and 1 restroom
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $18.00 |
| − Vacancy | −$706 | −$0.36 |
| EGI | $34.6k | $17.64 |
| − OpEx | −$10.4k | −$5.29 |
| NOI | $24.2k | $12.35 |
1,960 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$345.7K
$302.5K – $403.4K
NOI $24,202 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner retail building with a large main space plus a smaller secondary space, including storage rooms and a restroom.
Where is this retail space located?
The property is located at 3039 General Taylor St New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: ±1,960 SF retail building at the corner of General Taylor St and S Derbigny St; Large main retail space plus a smaller secondary retail space; Includes 2 storage rooms and 1 restroom
