620 N CARROLLTON AVE

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620 N CARROLLTON AVE

NEW ORLEANS, LA 70119-4707
Asking Price
$895K
Asset Type
Traditional Office Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Two-story office and retail building in New Orleans
  • Priced for acquisition at $895,000
  • Located within the active Mid-City neighborhood
  • Suitable for professional office or retail use
  • Situated on the high-visibility Carrollton Avenue corridor

What's Special

This two-story retail and traditional office building at 620 N Carrollton Ave in New Orleans is available for purchase at $895,000. Situated in the vibrant Mid-City area, the property serves investors or business owners looking for a strategic location in one of the city's most accessible neighborhoods. The layout and design suit professional services, creative agencies, or retail operations requiring visibility along a primary corridor. Mid-City maintains a dense population and consistent foot traffic, bolstered by its proximity to major transit lines and regional commerce hubs. The building benefits from the character of the surrounding historic district while providing the functional space necessary for contemporary business operations. Prospective buyers have the opportunity to acquire a versatile asset in a market characterized by steady demand and ongoing urban reinvestment. Its positioning on Carrollton Avenue allows for significant exposure and ease of access for clients and employees navigating the broader New Orleans metropolitan area.

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NOI
$80,000
Cap Rate
8.94%
DSCR
1.51
Strong
Cash-on-Cash
10.01%
Monthly Payment
$4,427.972
Annual Cash Flow
$26,864.34

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