Description
Reduced!!
Located in the heart of the Freret Street traffic, 4921 Freret Street offers a fully leased investment property. The 2-unit property is master leased by a single tenant who operates a vape/smoke shop in the front with a 1-bedroom apartment in the rear. The raised shotgun-style property features ample off-street parking, rear and side yards, excellent street presence, and enjoys healthy income from its tenant. The lease term expires in 2024, with an option for the tenant to renew for an additional 3-year term.
The property is located less than a mile from Tulane and Loyola Universities, as well as Sacred Heart, Lusher, and Newman high schools, making it a prime destination for students and locals. Additionally, the property is within walking distance to Freret Street’s best spots, including Cure, Dat Dog, Good Bird, High Hat, and many more.
For additional information, see linked 4921 Freret Street Sale Brochure.
ZoningHU-MU
Property Size1,760 SqFt
Property TypeCommercial
Address
Address: 4921 Freret Street
City: New Orleans
Parish: Orleans
Zip Code: 70115
Neighborhood: Freret
