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23380297
23380298

3232 General Meyer Ave, New Orleans, LA 70114 For Sale

JG
LA 995682077
Keller Williams Realty
Listed by Keller Williams Realty
$699,000
431 days on market
Updated 79 days ago
Opportunity zone

3232 General Meyers Ave

Details
Property Type Business for Sale, Mixed Use (+1)
Sub Type Auto Shop, Business and Building (+1)
Square Footage 4,722
Units 2
Cap Rate 25.75%
NOI $180,000
Broker Co-Op Yes
Class D
Year Built 1952
Year Renovated 2021
Stories 1
Acreage 28890.000
Investment Type Owner/User
Ownership 100%

Building and Business for sale

Marketing description

With the increasing population and development in the area, a commercial building in a very high demand area is an excellent investment opportunity. Combining a tire shop and a grocery store in the same building would serve the needs of the community and attract a diverse customer base. The tire shop would cater to the growing number of vehicles in the area, providing services such as tire replacement, repair, and maintenance. As more people own cars, the demand for reliable and convenient tire services is on the rise. By offering competitive prices, quality products, and efficient service, the tire shop could quickly build a loyal customer base. In addition to the tire shop, including a grocery store in the commercial building would cater to the daily needs of the residents. A well-stocked grocery store offering a wide variety of fresh produce, pantry staples, and household items would become a go-to destination for the local community. (THE STORE HAS BEEN CLOSED FOR A FEW YEARS) Moreover, the synergistic effect of having both a tire shop and a grocery store in one building would benefit both businesses. Customers visiting the tire shop may also make impromptu trips to the grocery store, resulting in increased sales for both establishments. Additionally, the physical presence of one business can attract customers to the other through cross-promotion and joint advertising efforts. Being situated in a very high demand area ensures a steady stream of customers and guarantees strong foot traffic for the commercial building. The location would be easily accessible, with ample parking space to accommodate the needs of both businesses. This convenience would add to the overall appeal and increase the likelihood of attracting customers from surrounding areas as well.

Investment highlights

With the increasing population and development in the area, a commercial building in a very high demand area is an excellent investment opportunity. Combining a tire shop and a grocery store in the same building would serve the needs of the community and attract a diverse customer base. The tire shop would cater to the growing number of vehicles in the area, providing services such as tire replacement, repair, and maintenance. As more people own cars, the demand for reliable and convenient tire services is on the rise. By offering competitive prices, quality products, and efficient service, the tire shop could quickly build a loyal customer base. In addition to the tire shop, including a grocery store in the commercial building would cater to the daily needs of the residents. A well-stocked grocery store offering a wide variety of fresh produce, pantry staples, and household items would become a go-to destination for the local community. (THE STORE HAS BEEN CLOSED FOR A FEW YEARS) Moreover, the synergistic effect of having both a tire shop and a grocery store in one building would benefit both businesses. Customers visiting the tire shop may also make impromptu trips to the grocery store, resulting in increased sales for both establishments. Additionally, the physical presence of one business can attract customers to the other through cross-promotion and joint advertising efforts. Being situated in a very high demand area ensures a steady stream of customers and guarantees strong foot traffic for the commercial building. The location would be easily accessible, with ample parking space to accommodate the needs of both businesses. This convenience would add to the overall appeal and increase the likelihood of attracting customers from surrounding areas as well.

Listing Contacts

JG
LA 995682077
Keller Williams Realty
Listed by Keller Williams Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
25.75%
Cap Rate
25.75%
ROI

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Additional Information

Name
JOYCE GUIDROZ
License
995682077
Brokerage Phone
504-390-7651
Brokerage Address
3500 North Causeway Boulevard
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