Property profile

519 Huey P Long Ave Gretna, LA 70053

FOR LEASE
Retail properties & Spaces
Property ID
US36-0530548
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Property summary

AI-generated overview

This exceptional 1,870-square-foot retail space is situated on the ground floor of the historic German Cultural Center in the heart of Gretna, Louisiana. Ideal for a variety of uses, including a neighborhood market, coffee shop, deli, or wine bar, this single-tenant space benefits from a strong local customer base and proximity to numerous small businesses. The property includes a commercial-grade kitchen equipped with an oven, hood, refrigerator, dishwasher, and sink. A future outdoor patio, slated for completion by the end of 2024, is incorporated into the floor plan. This retail space enjoys a significant advantage with the addition of a coworking hub on the second floor, projected to open by the end of 2024 and house over 90 desks, providing a built-in customer base. The building is shared with the German Cultural Center of Gretna, adding to its unique character and appeal. The lease rate is $22.75 per square foot, NNN, with net operating expenses estimated at approximately $2 per square foot. The property is located at 519 Huey P Long Ave, Gretna, LA 70053, in Jefferson Parish. This presents a rare opportunity to establish a thriving business in a vibrant and historic setting.

Property profile

Verified
Property type Retail properties & Spaces
UPID US36-0530548

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cultural Center

Location

519 Huey P Long Ave Gretna, LA 70053
Gretna metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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