1316 Odeon Ave, New Orleans, LA 70114

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Building Details:

1316 Odeon Ave is located in New Orleans, LA.

This retail strip has been nearly completely renovated by the current owner, including a new metal roof, an extended front wall with metal studs and stucco covering, new electrical and HVAC work and a new pylon sign. The suite closest to General Meyer will convey with brand new refrigeration/cooler equipment suitable for a convenience store. In close proximity to Federal City, Delgato Community College & longstanding Sherwin-Williams store.

The property is 50% occupied (3 out of 6 units). Current gross rents are $27,600 annually.

2013 property taxes are $4,570.61; flood insurance premium is approximately $1,200; hazard insurance is approximately $9,000. Additional annual operating expenses are as follows: trash collection/dumpster: $1,248; water: $816; "house" electrical: $540.

The property includes an approximately 64'x41' rear yard behind the Lamarque St. side of the property.

See additional documentation, including site plan, survey, legal description and floor plan, under "Attachments & Media."