Property profile

59 Westbank Expy Gretna, LA 70053

OFF-MARKET
Commercial real estate
Property ID
US36-0096973
6,548 SF 0.43 ac lot Built 1994
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6,548 square foot commercial building is strategically located on Westbank Expressway in Gretna, Louisiana, offering unparalleled visibility and accessibility. Situated on a 0.43-acre lot, the property boasts significant frontage on the Expressway, ensuring high traffic exposure and excellent signage opportunities visible from overhead. Its prime location near Oakwood Mall and a short distance from both Downtown Old Gretna and New Orleans provides easy access to a large customer base. The building previously housed multiple businesses, including salons and a school, and features several private offices, three large open areas, a second-floor private loft office, and attic storage space. Currently in shell condition, the structurally sound steel frame construction is ready for immediate tenant build-out to suit a variety of commercial uses. Ample off-street parking is available. The property is zoned by the City of Gretna as Neighbor Commercial by Conditional Use (cannot be used as a church)

Property profile

Verified
Property type Commercial real estate
Year built 1994
Total area 6,548 SF
Lot 0.43 ac (18,731 SF)
UPID US36-0096973

Cap rate & NOI

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

Location

59 Westbank Expy Gretna, LA 70053
Gretna metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 59 Westbank Expy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message