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Three-Unit Retail Center
For Sale
$375,000

7440 Wright Rd, New Orleans, LA 70127

A single-story center has two available spaces within a three-unit configuration.

Property Size4,154 SF
Lot Size0.21 Acres
Price / SF$90.27
Days on Market8

Property Features for 7440 Wright Rd

General Information

Standard status Active
Size 4,154 SF
Total Parking Spaces 10
Lot size 0.21 Acres
Property subtype Retail
Zoning S-B1

Amenities

10 Parking Spaces

Building Details

Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Corporate Realty - Main Office
Listed By: Lawless Turner · License #995698200
Source: Lacdb.resimplifi
Added: Oct 6 Changed: Oct 13 Last Checked: Oct 13 at 2:38AM

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 Corporate Realty - Main Office

Investment Insights

Based on property information with market context.

This single-story retail center contains 4,154 square feet arranged across three units. Two of the units are available for lease, while the third is not identified as available. The property occupies a 90-by-103-square-foot parcel and is zoned S-B1.

The center is near Morrison Road, roughly one mile from the I-10 and Read Boulevard intersection. The surrounding area is primarily residential, with Little Woods and Lake Forest Estates subdivisions nearby. Nearby businesses include quick-service restaurants, Walmart Supercenter, Home Depot, and Honda and Toyota dealerships.

Key Highlights

  • 4,154‑square‑foot retail center with three units
  • Two units are available for lease
  • Single‑story configuration on a 90‑by‑103‑square‑foot parcel

Property Analytics

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Current Use

ATM Plumbing Plumbing Service The Alpha Learning Place Tutoring Service Glam 365 Hair ... Hair Salon

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Skin Care Clinic Electrical Service Garden Center

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

463
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
11,247 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
2,599 visits/mo 0.4 miles
Enterprise Rent-A-Car Shops & Services
1,445 visits/mo 0.5 miles
Napa Auto Parts Shops & Services
789 visits/mo 0.5 miles

Demographics for 70127, LA

24,332
Population
10,719
Households
2.3
Avg Household Size
35
Median Age
25%
College-Educated
86%
High-School Grad
5.5 sq mi
ZIP Area
4,424
Density / Sq Mi
$41,548
Median Household Income
$30,817
Median Earnings
$1,060
Median Rent
$191,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019
7.2% 2020
5.7% 2021
4.3% 2022
3.6% 2023
3.9% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Read Plaza Shopping Center — New Orleans, LA 70127
  • Quick-Tag — Walmart Supercenter, 6000 Bullard Ave, New Orleans, LA 70128
  • Lakewood Plaza Shopping Center — 7500 Bullard Ave, New Orleans, LA 70128

Frequently Asked Questions

What type of property is this?
Shopping center - A single-story center has two available spaces within a three-unit configuration.
Where is this shopping center located?
The property is located at 7440 Wright Rd New Orleans, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4,154‑square‑foot retail center with three units; Two units are available for lease; Single‑story configuration on a 90‑by‑103‑square‑foot parcel
More about this property
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