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    OFF-MARKET
    Apartment buildings

    3709 Westbank Expy Hwy, Harvey, LA 70058

    12,162 SF Built 1962
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property at 3709 Westbank Expressway Highway, Unit 1-6, Harvey, LA, presents a lucrative investment opportunity. The 12,162 square foot property encompasses a thriving grocery store and warehouse, operating successfully for over 30 years as Dong Khanh Supermarket. This well-established business serves a wide customer base from Harvey, Metairie, and surrounding areas, benefiting from its prime location and high demand products. The combined six-unit condo offers ample space, a recently installed roof, and abundant parking. The building's design facilitates easy access for commercial delivery trucks, making it suitable for various commercial uses beyond its current operation. The sale includes both the building and the established business. Existing inventory can be purchased separately at wholesale prices or will be sold through normal store operations within a few months. The property is part of the Har-Mar Village Condominium Center, with shared expenses managed by the owners. This turnkey operation offers an affordable entry point for ambitious entrepreneurs seeking a high-income-generating venture. The property's strong history, strategic location, and versatile design make it an attractive investment with significant upside potential.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1962
    Total area 12,162 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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