5741 Crowder Blvd New Orleans, LA 70127
- Strip malls
- 47,577 SF
- 3.00 lot acres
Current Use by Public Records
- Securall Insurance / Insurance Agency
- The Toya Xperience Studio / Beauty Salon
- RAMA AFRICAN HAIR BRAIDING / Hair Salon
- BDT Auto Title and Tax Services / Auto Tag Agency / Notary Public
- Quick Munchies / Restaurant
Property Details for 5741 Crowder Blvd
- Year built
- 1980
- Lot size
- 3.00 lot acres
- Property size
- 47,577 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 39W016116
- APU
- 39W016116
Description
This exceptional 56,410 square foot retail center, situated on 3.06 acres in New Orleans East's thriving Northshore/N.O. East submarket, presents a unique investment opportunity. Built in 1980, the single-story building boasts a prime location just one block from I-10, ensuring high visibility and accessibility. Currently, 26,760 square feet of space is available, divisible into units ranging from 951 to 18,256 square feet, catering to a variety of retail needs. The property is zoned C-3 and features a total of eight available spaces. Its strategic location along Crowder Boulevard offers excellent exposure to a substantial daily traffic volume. The property's convenient access to I-10 further enhances its appeal to both businesses and customers. With its ample space, flexible leasing options, and high-traffic location, this retail center represents a compelling investment prospect in a dynamic New Orleans market. The Orleans Parish location, with APN 39w016116I2, offers a strong foundation for future growth and profitability. This is an excellent opportunity to establish or expand your retail presence in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,025,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,165,000
- 6.5%
- $2,155,000
- 7%
- $2,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,180,000
- Geo Method
- $2,005,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,300,000
- Retail
- $1,860,000
- Mixed-Use
- $2,280,000
- Hospitality
- $2,530,000
- Educational
- $2,185,000
- Residential Income
- $2,540,000
- Energy
- $2,085,000
- Income-Based Land
- $1,915,000
- Food Service
- $2,085,000
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -89.9911
- Latitude
- 30.0279
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
