3605 Catherine StNew Orleans, LA 70126
- Retail properties
- 1,996 SF
Property Details for 3605 Catherine St
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 1,996 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 39W806110
- APU
- 39W806110
Description
This exceptional mixed-use property at 3605 Catherine St, New Orleans, LA 70126, presents a unique investment opportunity. The 1,920 square foot building, constructed in 1980 and renovated the same year, sits on a substantial 60,101 square foot lot and offers 2,200 square feet of net rentable space. The single-story structure features heavy-duty metal construction with steel framing, front and rear roll-up doors, and durable cement flooring, ideal for various industrial or commercial uses. Previously utilized as a welding shop, some equipment may be available for separate negotiation. The property also includes a convenient office area with a half bath. All city utilities are connected. This commercially zoned property benefits from its strategic location, and the possibility of acquiring two adjacent lots for expanded access and increased visibility from both Catherine and Victoria Streets. The asking price is $170,000, with a price per square foot of $88.54. This presents a compelling opportunity for business owners seeking a versatile and well-located space in New Orleans.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $465,297
- 6.5%
- $429,505
- 7%
- $398,826
-
Comparable approach
- Method
- Valuation
- Relative Method
- $383,687
- Geo Method
- $357,577
-
Alternative Use
- Use
- Valuation
- Residential
- $362,304
- Hospitality
- $331,868
- Educational
- $276,110
- Medical
- $285,606
- Retail
- $429,505
Location Insight
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Latitude
- 30.0066
- Longitude
- -90.0203
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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