Listed by Sands Investment Group - FTL, Sands Investment Group
$1,449,000
Former Walgreens - New Orleans, LA
Details
Property Type Retail
Sub Type Storefront
Square Footage 13,924
Occupancy 100%
Tenancy Single
Price per SqFt $104
Year Built 1999
Acreage 1.790
Zoning C-2 zoning
Ground Lease No
13,924 SF Former Walgreens With Drive-Thru | Signalized Intersection | Re-Tenanting Opportunity
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 13,924 SF Former Walgreens located at 7401 Read Boulevard in New Orleans, LA. The property has been recently enhanced with a new roof, upgraded HVAC systems, and electrical improvements, reducing near-term capital expenditure requirements. Well-positioned for a variety of uses, including retail, medical, grocery, specialty market, office, or other commercial applications, this versatile asset presents an excellent opportunity for investors or owner-users seeking a strategically located property with strong long-term potential.
Investment highlights
- Move-In Ready Condition: Recently upgraded with a new roof, updated HVAC systems, and electrical improvements.
- Re-Tenanting Opportunity: Flexible C-2 zoning enables a variety of replacement tenants, including urgent care, grocery, auto parts, fitness, financial institutions, and specialty retail users.
- Limited Competition For Medical & Childcare Users: Serving a population of more than 65,000 residents, New Orleans East is home to only two urgent care facilities and has a shortage of licensed daycare centers, creating a compelling opportunity for healthcare and childcare operators.
- Prime 1.79-Acre Corner Site: Positioned at the signalized intersection of Read Boulevard and Morrison Road, featuring multiple access points and immediate access to I-10 (115,000+ VPD).
- Dense Local Consumer Base: More than 6,500 households within a 1-mile radius.
- Minutes From Downtown New Orleans: Approximately a 10-minute drive to the French Quarter and the central business district.
- Former Walgreens With Drive-Thru: Purpose-built retail building featuring drive-thru infrastructure, high ceilings, and an efficient open floor plan.
- Flexible Reuse Opportunity: Suitable for retail, medical, grocery, specialty market, office, or other commercial uses.
Listing Contacts
Listed by Sands Investment Group - FTL, Sands Investment Group
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Zoning
S-RS ResidentialSingle FamilySuburban Single Family Residential District
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View all 47 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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