Multi-Tenant Retail
714 Lafayette St Gretna, LA 70053
714 Lafayette St, Gretna, LA, 70053
$1,200,000
Pending
For Sale
$1,200,000
Pending
Retail building with existing leases for a retail shop and a hair salon, plus off-street parking.
Property Size4,493 SF
Days on Market12
Property Features for 714 Lafayette St
General Information
- Standard status
- Pending
- Size
- 4,493 SF
Listing agency
Homesmart Realty South
(504) 908-0049
Listed by
Trudy Dowell · License #44340
(504) 908-0049
Source
Exprealty
Added: Jul 11 Updated: Jul 22 at 12:49AM Checked: Jul 22 at 12:49AM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This retail building is located in the Historical section of Gretna and is currently set up with two leased spaces: one for a retail shop and one for a hair salon. The property includes lots of off-street parking to support customer access.
The building is offered for sale with the existing lease arrangements in place for both tenants. Off-street parking is a practical feature for day-to-day operations and customer convenience.
Overall, the configuration provides a straightforward multi-tenant retail setup within a historical area context, with parking on site for visitors.
The building is offered for sale with the existing lease arrangements in place for both tenants. Off-street parking is a practical feature for day-to-day operations and customer convenience.
Overall, the configuration provides a straightforward multi-tenant retail setup within a historical area context, with parking on site for visitors.
Key Highlights
- Retail building in the Historical section of Gretna
- Leases in place for a retail shop and a hair salon
- Lots of off‑street parking
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 | $103.5k | $23.04 |
| − Vacancy | −$2.1k | −$0.46 |
| EGI | $101.4k | $22.58 |
| − OpEx | −$30.4k | −$6.77 |
| NOI | $71.0k | $15.81 |
4,493 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.01M
$887.7K – $1.18M
NOI $71,014 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,977 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Heffner Hair
Hair Salon
Brushed NOLA
Hair Salon
Blossom Boutique Old ...
Clothing & Fashion Store
Pixel Pup Studios
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building with existing leases for a retail shop and a hair salon, plus off-street parking.
Where is this retail space located?
The property is located at 714 Lafayette St Gretna, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Retail building in the Historical section of Gretna; Leases in place for a retail shop and a hair salon; Lots of off‑street parking
