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5571 Read Boulevard
New Orleans, LA 70127
Asking Price
$399K
Asset Type
Commercial Land
Class
Class B
What's Special
High Visibility Commercial Development Site in the Heart of New Orleans East <ul><li>Approximately .63 acres (27460 SF)</li><li>Cleared and ready for development</li><li>Existing concrete paving and site improvements</li><li>High-visibility location on Read Blvd.</li><li>Easy access to Interstate 10</li><li>Surrounded by medical, office, retail, and residential developments</li><li>Suitable for office, medical, retail, restaurant, financial, or mixed commercial uses</li><li>Strong redevelopment opportunity in New Orleans East</li></ul>
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NOI
$80,000
Cap Rate
20.05%
DSCR
3.38
Strong
Cash-on-Cash
47.04%
Monthly Payment
$1,974.034
Annual Cash Flow
$56,311.588
