2 Buildings On Tulane Ave By New Trader Joe's
Buildings On Tulane Ave By New Trader Joe's
Marketing description
3-Property Bundle
Three-property bundle for sale with about a 9% Cap Rate. Two buildings, 2508 / 2514 Tulane Ave, and a vacant lot at 519 S. Rocheblave St. Both buildings are income-producing with office, retail, and multi-family tenants. The vacant lot has previously been used as parking rental. This property is directly across from the new Trader Joe’s facility and close to the Department of Veterans Affairs medical facility. University Medical Center is just down the street. The income will help pay for the property while waiting for re-development. The three lots combined offer many re-development options. Property zoned MU-2 High Intensity Mixed-Use District.
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Location Description
Located on Tulane just across from the new Trader Joe’s.
Investment highlights
Three-property bundle with ±9% Cap Rate
Two income-producing buildings at 2508 / 2514 Tulane Ave
Vacant lot at 519 S. Rocheblave St., previously used for parking rental
Office, retail, and multi-family tenants
Directly across from new Trader Joe’s facility
Close to Department of Veterans Affairs medical facility
University Medical Center just down the street
MU-2 High Intensity Mixed-Use zoning
Re-development potential across all three lots
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